$359,900
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509 1 Street Se, Diamond Valley, AB T0L0H0

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2 Beds
1 Bath
793 Sq Ft

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 handymans 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, theres 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 ac cess 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 youve been waiting for a large lot with unlimited potential in a growing and welcoming community, this is your chance. (id:58753)

Listing By: Kayla Hagen - Charles
Source: CREA #A2320885 Listing provided courtesy of Canadian Real Estate Association
  • MLS® A2320885
  • Date Listed06/14/2026
  • Days on Realty 106 Days
  • Bedrooms 2
  • Bathrooms 1 baths
  • Lot Size 11,977 sq. ft
  • Year Built 1949
  • Square Feet 793 sq. ft
  • Price Per Sq. Ft $453.85

Interior Features

  • Appliances Refrigerator, Range - Electric, Dishwasher, Window Coverings
  • Flooring Carpeted, Linoleum
  • Cooling None
  • Heating Forced air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 11,977.00
  • Lot Features See remarks, Back lane

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T0L0H0

Discover key demographics, population statistics, and environmental insights for the Diamond Valley, AB area.

Walkability in AB / T0L0H0

Source: Walk Score

31/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

31/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 11/100, Transit Score: 0/100, Bike Score: 20/100.

Points of Interest near 509 1 Street SE, Diamond Valley, AB T0L0H0

Frequently Asked Questions for 509 1 Street SE

Source: Realty.com

509 1 Street SE, Diamond Valley, AB T0L0H0 in Diamond Valley, AB T0L0H0 is a single family residence listed at $359,900. Highlights include 2 bedrooms, 1 bathroom, 793 sq. ft., built in 1949, $454 per sq. ft.. Realty.ca has 32 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 32 photos of 509 1 Street SE.

Our records indicate that 509 1 Street SE was built in 1949.

The full address for this home is 509 1 Street SE, Diamond Valley, AB T0L0H0.

509 1 Street SE has been listed on Realty.com since Sun June 14, 2026

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 11/100, Transit Score: 0/100, Bike Score: 20/100.

This content last refreshed on 2026-09-28 16:01:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.