509 1 Street SE

For Sale

Diamond Valley - MLS #: A2320885

  • 2 Bedrooms
  • 1 Bathroom
  • 793 sq ft.

$424,900

MLS #: A2320885

List Price: 424900
Neighborhood: NONE
null 509 1 Street SE, Diamond Valley, Alberta
Square Feet: 792.64
Number of Bedrooms: 2
Number of Bathrooms: 1

List Date
Fri Jun 12 18:00:00 MDT 2026
Original Price
---
Sold Date
null
Occupancy
Vacant
Agents Count
0
Photos Count
32
Type
Sale
MLS Number
A2320885
Sold Price
---
Property Class
ResidentialProperty
Resource
Property:6021
Updated On
Tue Jul 14 18:15:12 MDT 2026
Assignment
null
Days on Market
31
Coop Comp
null
Last Status
New
Status
A
Board ID
18
List Price
424900
Annual Taxes
2631.72
Tax Assessment Year
2026
Brokerage Office
Charles
Nearby Amenities
----
Display Address on Internet
Y
Display Public
Y
Display Internet Entire Listing
Y

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 full 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. Additionally, the property is located just down the street from the newly proposed Diamond Valley Marketplace which will feature new 43,000sf commercial hub anchored by Sobey's and Shoppers Drug Mart. 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.
Number of Kitchens
null
Number of Kitchens Plus
null
Number of Parking Spaces
2
Laundry Level
null
Zoning Description
null
More Information Link
null
Certification Level
null
Den
null
Year Built
1949
Alternate URL Video Link
https://listings.foothillsrealestatemedia.ca/sites/509-1-st-se-diamond-valley-ab-t0l-0h0-22216194/branded#&gid=1&pid=27
Exterior Construction 1
Wood Frame
Exterior Construction 2
null
Elevator
null
Roofing Material
Asphalt
Zoning
BD - SINGLE DETATCHED - R
Basement 1
Crawl Space
Basement 2
null
Square Feet
792.64
Handicapped Equipped
null
Heating
Forced Air
Number of Rooms
null
Number of Rooms Plus
null
Landscape Features
null
Virtual Tour URL
https://listings.foothillsrealestatemedia.ca/sites/509-1-st-se-diamond-valley-ab-t0l-0h0-22216194/branded#&gid=1&pid=27
Land Sewer
null
Energy Certification
null
Number of Bathrooms
1
Number of Bathrooms Plus
null
Number of Bathrooms Half
0
Green Property Info Statement
null
Live Stream URL
null
Zoning Type
null
Land Access Type
null
Business Type
null
Business Sub Type
null
Swimming Pool
null
Construction Style Split Level
null
Lease Terms
null
Flooring Type
Carpet,Linoleum
Farm Type
null
Land Disposition
null
View Type
null
Style
Bungalow
Loading Type
null
Number of Garage Spaces
null
Parking Cost Monthly
null
Air Conditioning
None
Central Air Conditioning
null
Family Room
null
Construction Status
null
Number of Bedrooms
2
Number of Bedrooms Plus
0
Extras
Dishwasher,Electric Range,Refrigerator,Window Coverings
Living Area Measurement
null
Patio
Front Porch
Amperage
null
Furnished
null
Foundation Type
Block,None,Piling(s)
Sewer
null
Property Type
Detached
HOA Fee
null
Common Elements Included
null
Number of Driveway Spaces
null
Ceiling Type
null
Water Source
null
Garage
null
Central Vac
null
Sqft Range
null
Driveway
null
Number of Fireplaces
0
Energuide Rating
null
Fire Protection
null
Storage Type
null
Analytics Click
null

Bathrooms

Pieces Level Count

Features Level Length Width Description Features 2 Features 3
null Main 7`9" 5`0" 4pc Ensuite bath null null
null Main 9`8" 9`6" Bedroom null null
null Main 9`8" 9`8" Bedroom null null
null Main 15`1" 10`2" Kitchen null null
null Main 15`2" 12`8" Living Room null null
null Main 11`9" 11`7" Mud Room null null
null Basement 6`4" 12`4" Furnace/Utility Room null null

Repliers Updated
Wed Jul 15 00:49:02 MDT 2026
Terminated Date
null
Conditional Expiry
null
Listing Updated
Tue Jul 14 18:15:12 MDT 2026
Extension Entry Date
null
Unavailable Date
null
Expiry Date
null
Listing Entry Date
null
Closed Date
null
Possession Date
null
IDX Updated
Tue Jul 14 18:15:12 MDT 2026
Photos Updated
Tue Jun 23 02:47:36 MDT 2026
Suspended Date
null

Depth
null
Size
11977
Width
100.33
Irregular
null
Acres
0.27
Legal Description
5533EF
Measurement
null

Date Start Time End Time Type Status
null null null null null
null null null null null
null null null null null

Latitude
50.68323694
Longitude
-114.23161998
Geometry
POINT (-114.23161998 50.68323694)
Area
Foothills County
Zip/Postal
T0L 0H0
Country
null
City
Diamond Valley
Street Number
509
Unit Number
null
Street Name
1
Street Direction
SE
Street Direction Prefix
null
District
null
Street Suffix
Street
Neighborhood
NONE
State
Alberta
Major Intersection
null
Community Code
null

Brokerage Name
Charles
Brokerage Address
null
Brokerage Address 2
null
Brokerage City
null
Brokerage State
null
Brokerage Postal
null
Brokerage Country
null
Agent ID
1325570
Board Agent ID
CMCNABKA
Website
null
Social
Phone(s)
403-267-0000
Photo Small
null
Photo Large
null
Photo Update
null
Office ID
1298246
Name
Kayla Hagen
Position
Associate
Board
null
Board Office ID
C230400
Email
khagen@charlesrealestate.ca
Last Updated
2026-01-29 09:25:04

Property Brief

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 full 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. Additionally, the property is located just down the street from the newly proposed Diamond Valley Marketplace which will feature new 43,000sf commercial hub anchored by Sobey's and Shoppers Drug Mart. 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.


Property Details

List Date:
June 12, 2026
Last Updated on:
July 14, 2026
Current Status:
New Listing
Days on Market:
31
Brokerage Office:
Charles
Property Type:
Detached
Property Style:
Bungalow
Year Built:
1949
Annual Taxes:
$2,632
Tax Assessment Year:
2026
HOA Fee:
-------
Zoning:
BD - SINGLE DETATCHED - R
Lot Width:
100.33
Lot Size:
11977
Direction Faces:
E
Roofing Material:
Asphalt
Heating System:
Forced Air
Air Conditioning:
None
Flooring:
Carpet,Linoleum
Basement Details:
Crawl Space
Garage:
-------
Number of Garage Spaces:
-------
# Parking Spots:
2
Parking Features:
Alley Access,Driveway,Off Street,Parking Pad
Extras:
Dishwasher,Electric Range,Refrigerator,Window Coverings

features

  • Free Wi-Fi
  • Elevator Lift
  • Power Backup
  • Laundry Service
  • Security Guard
  • CCTV
  • Emergency Exit
  • Doctor On Call
  • Shower
  • free Parking in the area
  • Air Conditioning

Property History

Old MLS Number Last Status List Date List Price Sold Date Sold Price Brokerage
A2289449 Terminated February 26, 2026 $449,900 ------- ------- Charles

Floor plan

location

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