4901 59 Street

Grimshaw · MLS® A2350556

4 sq ft lot · Land · Vacant Land · 19 days on market

listed by Layne Gardner, RE/MAX Northern Realty

realtor's description

With the demand for housing growing in the area, now may be the time to invest in building a condo/apartment living complex and this lot on the West side of Grimshaw would be perfect for exactly that. The current owner has worked on developing this lot to build higher density housing and some of the work includes the building of a storm water containment pond and investments in the adjacent roadway and upgrades to a class 3 intersection to allow for increased levels of traffic into the subdivision. With lots of those big projects out of the way, the new owner can come in and pick up where the current owner left off and get to work building. With plenty of flat land here and ready to work, all you need to do is bring your ideas! Call today to find out more!

property details

type: Land, Vacant Land
lot: 4 sq ft
parking: 0
property tax: $1,122 / yr
days on market: 19
MLS®: A2350556

property tax

about $1,239 a year

The asking price times Grimshaw's 2026 residential rate of 13.78 per $1,000 (municipal and education).

The listing shows $1,122 a year in property tax.

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.

monthly cost

$485/mo

Mortgage $392 · Tax $93

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$392/ monthly

loan $71,920

25-year amortization

down payment20% · $17,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $45,586
land title fees: $265; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $18,245; down + land title fees
total paid: $117,506

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.