51224 Rge Road 221

None, Rural Strathcona County · MLS® E4512443

5 sq ft lot · Land · Vacant Land · built 1953 · 15 days on market

listed by Jarnail Bhatti, MaxWell Polaris

realtor's description

RARE 5-ACRE OPPORTUNITY IN RURAL STRATHCONA COUNTY! Enjoy peaceful acreage living with convenient access to Southeast Edmonton! Discover the potential of this approximately 5-acre property, offering an excellent opportunity to build your dream home, spacious shop, or private country retreat, subject to county approvals. The existing house is in poor condition and is not habitable, with the primary value in the land and its future potential. Ideal for buyers, builders, or investors looking to create something special. Don't miss this opportunity!

property details

type: Land, Vacant Land
lot: 5 sq ft
parking: 0
year built: 1953
days on market: 15
MLS®: E4512443

features

Treed
See remarks

property tax

about $2,510 a year

The asking price times Strathcona County's 2026 residential rate of 7.28 per $1,000 (municipal and education).

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

$1,503/mo

Mortgage $1,503

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,503/ monthly

loan $275,920

25-year amortization

down payment20% · $68,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $174,889
land title fees: $725; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $69,705; down + land title fees
total paid: $450,809

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