509 1 Street SE, Diamond Valley, Alberta

Residential For Sale in Diamond Valley, Alberta

$449,900

  • Residential
    Property Type
  • 2
    Bedrooms
  • 1
    Bath
  • 0
    Garage
  • 793
    Sq Ft
  • 1949
    Year Built

Opportunity knocks with this 1949 bungalow situated on a rare double-wide 1,112 square meter lot in the heart of Diamond Valley. This 2-bedroom, 1-bathroom, 792 square foot home is a true handyman’s special and is being offered primarily for land value making it an incredible opportunity for builders, investors, or anyone dreaming of creating their perfect home in a charming small town setting. The existing home features single level living, with a charming front porch, spacious living room, generous kitchen, as well as a large mudroom equipped with laundry hook-ups. The roof was replaced approx. 15 years ago, the hot water tank is only 5 years old and although the furnace is on the older side, it has been well maintained and runs perfectly. The property been rented to long-term tenants for many years, offering immediate holding potential. Whether you're considering building your dream home, undertaking a renovation, or seeking an immediate rental the possibilities here are endless. Build your custom dream home while continuing to live in the existing residence during construction. With the generous double lot, there’s also exciting potential to build a second home while keeping the current property as a future in-law suite, income property, or Airbnb, subject to the approval and permitting by the town or municipality. Lots of this size and flexibility are a rare find in this desirable community. Diamond Valley offers the perfect blend of small-town charm and modern convenience. Families will appreciate local schools such as Turner Valley School and Oilfields High School, along with nearby amenities including shops, cafes and essential services right in town. Outdoor enthusiasts will love proximity to parks, pathways, and the Sheep River valley, as well as easy access to Kananaskis Country for year-round recreation. Located just minutes from Okotoks and an easy commute to Calgary, this property offers a peaceful escape from the city without sacrificing convenience. If you’ve been waiting for a large lot with unlimited potential in a growing and welcoming community, this is your chance.

Street Address: 509 1 Street SE
City: Diamond Valley
Province/State: Alberta
Postal Code: N/A
County/Parish: Foothills County
Subdivision: NONE
Country: Canada
Latitude: 50.68323694
Longitude: -114.23161998

MLS® Number: A2289449
Price: $449,900
Property Area: 793 Sq ft
Bedrooms: 2
Bathrooms Half: 0
Bathrooms Full: 1
Living Area: 793 Sq ft
Building Area: 0 Sq ft
Year Built: 1949
Listing Date: Feb 27, 2026
Garage Spaces: 0
Property Type: Residential
Property Subtype: Detached
MLS Status: Active

Additional Details

Flooring: N/A
Construction: Wood Frame
Parking: Alley Access,Driveway,Off Street,Parking Pad
Appliances: Dishwasher,Electric Range,Refrigerator,Window Coverings
Stories: N/A
Zoning: BD - SINGLE DETATCHED - R
Fireplace: N/A
Amenities: Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights,Walking/Bike Paths

Utilities & Systems

Heating: Forced Air
Cooling: None

Property Type Residential
Building Type Detached
Square Footage 793 sqft
Community Name NONE
Subdivision Name NONE
Title Fee Simple
Land Size 11,977 sqft
Built in 1949
Annual Property Taxes Contact listing agent
Parking Type Alley Access
Time on MLS Listing 31 days

Bedrooms
Above Grade 2
Bathrooms
Total 1
Partial 0
Interior Features
Appliances Included Dishwasher, Electric Range, Refrigerator, Window Coverings
Flooring Carpet, Linoleum
Building Features
Features See Remarks
Construction Material Wood Frame
Structures Front Porch
Heating & Cooling
Cooling None
Heating Type Forced Air
Exterior Features
Exterior Finish Wood Frame
Neighbourhood Features
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Amenities Nearby Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Parking
Parking Type Alley Access
Total Parking Spaces 2

Interior Size
Total Finished Area: 793 sq ft
Total Finished Area (Metric): 73.64 sq m
Main Level: 793 sq ft
Room Count
Bedrooms: 2
Bathrooms: 1
Full Bathrooms: 1
Rooms Above Grade: 4
Lot Information
Lot Size: 11,977 sq ft
Lot Size (Acres): 0.27 acres
Frontage: 100 ft

  • See Remarks
  • Private Yard
  • Dishwasher
  • Electric Range
  • Refrigerator
  • Window Coverings
  • Crawl Space
  • Park
  • Playground
  • Schools Nearby
  • Shopping Nearby
  • Sidewalks
  • Street Lights
  • Walking/Bike Paths
  • Wood Frame
  • Block
  • None
  • Piling(s)
  • Back Lane
  • Back Yard
  • Front Yard
  • Interior Lot
  • Alley Access
  • Driveway
  • Off Street
  • Parking Pad
  • Front Porch

Floor plan information is not available for this property.

Monthly Payment Breakdown
Principal & Interest: $0
Property Tax: $0
Home Insurance: $0
HOA Fees: $0
PMI: $0

Total Monthly Payment: $0
Chart Mortgage:

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