Calgary Vacant Lots For Sale
Search vacant lot listings near Calgary below. Whether you're looking for a vacant lot or land on which to build or hold as an investment, you've come to the right place. Use our comprehensive search functionality to find vacant lots in Calgary, in nearby towns and rural areas. Listings on this page are updated every day, complete with photos and details on every vacant lot in a wide radius around Calgary. Lots with structures are also included in these listings when the value of the land is the priority and the building(s) are extra or suitable for knock down. You can also view similar properties in and around Calgary. For further information regarding vacant properties for sale in Calgary, Alberta or to set up a private showing, contact your Calgary real estate professionals today.
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Buying or selling a vacant lot in Calgary? Call Justin Havre with eXp Realty - 403.217.0003. Our community of local real estate agents will help you navigate the Calgary land & lots market.
Tips When Searching For Calgary Vacant Lots
Do Your Homework
Any real estate transaction is important; however purchasing a vacant lot can be more challenging than buying a residential property. If you buy a house, either you'll live in it or someone else will live in it. On a vacant lot, you can build a house, a commercial property, a mixed-use property or you can hold it as a long-term investment. However, that same lot could come with a whole host of restrictions and other issues that could ruin your plans if you fail to do the proper research.
Location
Where your land is located, either in the city or in the country, is of primary importance and goes back to your reasons for purchasing. If you are purchasing a vacant lot as an investment, consider the resale value of that lot down the road. If you're purchasing a lot for commercial purposes, don't buy something that's isolated. In fact, check with the seller to see if a traffic study has been undertaken at your location. And if you're looking to build, make sure you are allowed to. Don't assume that you can do whatever you want on your vacant lot. Vacant lot listings should give you an accurate picture of what covenants, ordinances and restrictions come with a particular lot. The map view will help you identify what amenities are close to your vacant lot, such as shopping, schools and transit connections.
Related Expenses
When purchasing land in Alberta, title insurance can be provided by the Land Titles Office. This type of policy certifies and guarantees that you, as the registered owner of the vacant lot or land, has a good title. Which really means that any improvements on the land are in compliance with any zoning bylaws in place or that there are no encroachments. If for some reason something comes up after you have become the registered land owner and something needs to be done to your lot or land to comply with some unforeseen regulation, the cost of the work to meet compliance will be covered. It's coverage against potential legal issues involving your vacant lot or land. It's not a requirement; however should you decide to build on your lot your mortgage lender may want you to purchase title insurance in order to protect their investment.
A recent survey or property report should come with your vacant lot and should be included as a condition of sale. This will save you time and a lot of money after the fact.
Factor in the cost of connecting utilities to your vacant lot. Your vacant lot in the city will have water, sewer, gas, electric, cable and phone on-site in an established neighbourhood. Check your vacant lot listing to determine how close utilities lie to your rural property. If you're prepared to drill a well or put in a septic tank find out how much it will cost first.
Zoning Bylaws
Zoning is put in place to protect property owners from living next door to unwanted development such as a sewage treatment plant. Discovering what zoning is in place isn't difficult and your vacant lot listing should state precisely what you can and cannot do on your lot. Residential zoning in urban areas will help you discover whether you can build a single-family dwelling or multi-family detached dwelling, and whether you can build a retail storefront with residential housing above it.
Land use is frequently dictated far into the future, so it's a good idea to research municipal records to see if a freeway or large commercial area is in the cards for your neighbourhood.
Calgary Land & Lots Agents
Preparing for the sale or purchase of a vacant lot in Calgary? Let our local real estate professionals work with you to navigate the purchase of or expertly negotiate the sale of your Calgary land or lot. Our expert knowledge will give you access to up-to-date information about the unique market dynamics of the land & lots market in Calgary. We're ready to help you today!
Contact Justin Havre with eXp Realty - 403.217.0003 to learn more about buyer and seller representation for Calgary properties. Visit our comparative market analysis page to receive a free property value estimate in Calgary within minutes.
