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509 1 Street SE

Diamond Valley, AB T0L 0H0
  • $359,900
  • STATUS: Active
  • ID#: A2320885
Price Reduced
$359,900
  • 2
    BEDS
  • 0.27
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 792
    SQFT
  • $454
    $/SQFT
Neighbourhood:
Type:
Single-Family Home
Built:
1949
Area:

Description

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.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2026-08-11T18:24:26.327.
www.urbanhavenyyc.ca/homes/177708293
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509 1 Street SE Diamond Valley, AB T0L 0H0

  • Price: $359,900
  • Status: Active
  • On Site: Days
  • ID#: A2320885
2
Beds
1
Baths
0
½ Baths
0.27
Acres
792
SQFT
$454
$/SQFT
1949
Built
Neighbourhood:
None
Area:
Foothills
Property Description
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.
Exterior Features

Architectural Style Bungalow Construction Materials Wood Frame Exterior Features Private Yard Fencing Partial Foundation Details BlockNonePiling(s) Frontage Length 30.58M 100`4" Garage YN No Levels One Parking Features Alley AccessDrivewayOff StreetParking Pad Parking Total 2 Patio And Porch Features Front Porch Roof Asphalt Structure Type House

Interior Features

Appliances DishwasherElectric RangeRefrigeratorWindow Coverings Basement Crawl Space Bedrooms Above Grade 2 Bedrooms Below Grade 0 Bedrooms On Main 2 Cooling None Ensuite YN Yes Fireplaces Total 0 Five Piece Bath 0 Five Piece Ensuite Bath 0 Flooring CarpetLinoleum Four Piece Bath 0 Four Piece Ensuite Bath 1 Heating Forced Air Interior Features See Remarks Laundry Features Washer Hookup Num Ensuite Baths 1 Rooms 4pc Ensuite bath (Main) Bedroom (Main) Bedroom (Main) Kitchen (Main) Living Room (Main) Mud Room (Main) Furnace/Utility Room (Basement) Rooms Above Grade 4 Six Piece Bath 0 Six Piece Ensuite Bath 0 Suite No Three Piece Bath 0 Three Piece Ensuite Bath 0 Two Piece Bath 0 Two Piece Ensuite Bath 0

Property Features

Acreage YN No Additional Parcels YN No Association YN No Association2 YN No Community Features ParkPlaygroundSchools NearbyShopping NearbySidewalksStreet LightsWalking/Bike Paths Condo Type Not a Condo Direction Faces E Inclusions N/A - All Inclusions are sold AS-IS Lot Features Back LaneBack YardFront YardInterior Lot New Construction YN No One Piece Bath 0 Property Sub Type Detached Restrictions None Known Title Land Fee Simple Transaction Type For Sale Zoning BD - SINGLE DETATCHED - R

Listing provided courtesy of Charles. © 2026 Pillar 9™. All Rights Reserved.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2026-08-11T18:24:26.327.
 
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Tanya Hamilton and Kelly Pocock | CIR Realty
703 64 Ave SE #130
Calgary AB, T2H 2C3