Under $500K Acreage with a Shop in Edmonton

If you're looking for a property that offers privacy, space, and the potential for rental income, acreage with a shop in Edmonton may be the perfect investment. Edmonton, the capital city of Alberta, is known for its thriving economy, beautiful natural landscapes, and diverse communities. In this comprehensive article, we'll explore the benefits of owning acreage with a shop in Edmonton, what to consider when buying one, and the top areas to find them. We'll also cover financing options, how to find the right real estate agent, and tips for negotiating a fair price. Additionally, we'll discuss common mistakes to avoid, legal considerations, and how to maintain and rent out your property. Whether you're a first-time homebuyer or an experienced investor, this article will provide you with the information you need to find your dream shop and acreage under 500k for sale in Edmonton.

Benefits of Owning an Acreage with a Shop in Edmonton

Owning an acreage with a shop in Edmonton offers a range of benefits that can improve your quality of life and financial situation. Some of the top benefits include:

Increased Privacy and Space

Living on an acreage gives you more privacy and space than you would typically get in a suburban or urban setting. You can enjoy a peaceful and quiet lifestyle away from the noise and bustle of the city.

More Flexibility in Terms of Land Use

Owning an acreage provides you with more flexibility in terms of land use. You can use the land for a variety of purposes, such as farming, gardening, or raising livestock. Additionally, you can build additional structures, such as a barn, greenhouse, or guest house.

Potential for Rental Income

An acreage with a shop in Edmonton can provide you with an additional source of income. You can rent out the shop or the acreage to businesses or individuals who need space for their operations or activities. This can help you pay off your mortgage or cover your other expenses.

Under $500K Acreage with a Shop in Edmonton

Rural Sturgeon County, AB T8L 5B2

  • Surrounded by trees and frequent wildlife visitors, this large bungalow in Hu Haven offers a perfect private setting to make your dream home come true.
  • "Boasting hard wood floors, a spacious kitchen with newer cabinets, a gas stove w/ dual ovens, a moveable island & lots of room for a large table," the main level of the house features a stunning living room with a gas fireplace and plenty of windows to enjoy the view of your beautiful yard.
  • "Recently renovated main bath," "large owners suite w/ a partially renovated ensuite," and "two more spacious bedrooms" complete the main level of the house.
  • Downstairs, you will find "2 bedrooms, a den & space for a large rec room," as well as a mud room with laundry and a 2 pce bath.
  • Recent upgrades to the house include a new furnace, septic, and hot water tank.
  • The triple garage, which is heated and insulated, is also waiting for its new owner.
  • The house is conveniently located just a short walk from a playground and ice rink.

13A 53213 Rge Rd 20 Rural Parkland County, AB T7Y 0C4

48434 Rge Rd 254 Rural Leduc County, AB T9E 2X1

54251 Rge Rd 205 Rural Strathcona County, AB T8L 3Z2

54251 Rge Rd 205 Rural Strathcona County, AB T8L 3Z2

What to Consider When Buying an Acreage with a Shop in Edmonton

Buying an acreage with a shop in Edmonton is a significant investment, and it's essential to consider several factors before making a purchase. Some of the things to consider include:


Location is a crucial factor when buying an acreage with a shop in Edmonton. You'll want to consider proximity to major roads, schools, shopping centers, and other amenities. You'll also want to consider the natural surroundings, such as forests, lakes, or rivers, and the potential impact on your quality of life.

Size and Condition of the Property

The size and condition of the property are also important factors to consider. You'll want to evaluate the acreage's size, the shop's size, and the condition of both the land and the building. Consider whether the property requires any repairs or renovations and if it's within your budget to make these improvements.

Zoning and Regulations

It's important to check the zoning and regulations in the area where you plan to purchase the property. You'll want to ensure that the property is zoned for the purposes you have in mind and that there are no restrictions that would limit your plans for the land and the shop.

Financing Options

You'll want to consider financing options when buying an acreage with a shop in Edmonton. Consider your down payment, interest rates, and monthly payments. Shop around for the best deals and rates to ensure that you get the most affordable mortgage.

Real Estate Agent

Finding the right real estate agent is crucial when buying an acreage with a shop in Edmonton. Look for an agent with experience in the acreage and rural property market, who has local knowledge of the area, and who can guide you through the buying process.

Common Mistakes to Avoid When Buying an Acreage with a Shop in Edmonton

Buying an acreage with a shop in Edmonton can be a complicated process, and it's easy to make mistakes that could cost you time, money, and stress. Here are some common mistakes to avoid when buying an acreage with a shop in Edmonton:

Not Doing Enough Research

One of the biggest mistakes you can make is not doing enough research before making a purchase. You need to research the area, the property, and the real estate market to ensure that you're getting the best deal and that the property meets your needs and expectations.

Not Having a Comprehensive Inspection

A comprehensive inspection is essential when buying an acreage with a shop in Edmonton. You need to hire a professional inspector to evaluate the condition of the land, the building, and any other structures on the property. This will help you identify any potential issues or repairs that you may need to make before closing the deal.

Not Understanding the Legal and Regulatory Issues

It's important to understand the legal and regulatory issues involved in buying an acreage with a shop in Edmonton. You need to be aware of zoning regulations, building codes, and other legal requirements that could affect your plans for the property.

Overlooking Hidden Costs

Overlooking hidden costs is another common mistake when buying an acreage with a shop in Edmonton. You need to consider all the costs involved in owning the property, such as property taxes, maintenance costs, and utility bills, to ensure that you can afford the property in the long term.

Not Working with the Right Professionals

Working with the right professionals is essential when buying an acreage with a shop in Edmonton. You need to work with a real estate agent who has experience in the rural property market, a lawyer who specializes in real estate law, and an inspector who is familiar with acreages and rural properties.

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