509 1 St Se, Black Diamond, AB

House

For Sale

Listed price in listed location currency (CAD).

$424,900

212

MLS® A2320885

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 793 sqft

Garage

Taxes

Days Active 41

Lot Size 0.27 Acres

Approx. Age 1949

Avg. Price Per Sqft $535

MLS® Number A2320885

Property Address: 509 1 St Se, Black Diamond, AB, T0L0H0

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberA2320885

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1949

BasementCrawl Space

DrivewayAlley Access, Driveway, Off Street, Parking Pad

Garage Spaces

HeatForced Air

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 13, 2026List Date

$424,900List Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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Home Appraisal

This property is estimated to sell between: $424,000 and $470,000.

Similar properties in this area sold on average for: $454,309

Expected to sell very soon! Similar properties sold in 32 days. This home has been on eXp Realty for 41 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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