Acreage Foreclosures Near Edmonton

Rural Properties, Distressed Land & Court-Ordered Sales

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Acreage Foreclosures

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  • 57314 RGE ROAD 255: Rural Sturgeon County House for sale : MLS®# E4510206

    57314 RGE ROAD 255 Rural Sturgeon County Rural Sturgeon County T8R 0Z2
    Main Photo: 57314 RGE ROAD 255: Rural Sturgeon County House for sale : MLS®# E4510206

    57314 RGE ROAD 255 Rural Sturgeon County T8R 0Z2 Rural Sturgeon County

    $821,392
    Country Residential
    Status:
    Active
    MLS® Num:
    E4510206
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,974 sq. ft.
    Set on 4.94 acres, this spacious bungalow offers a well-rounded acreage property with plenty of room inside and out. The home provides approximately 1,974 sq. ft. above grade, a fully finished basement, and an oversized double attached garage. The lower level offers additional living space with family/recreation areas, bedrooms, a bathroom, and utility space. Outside, the property includes a large deck, open yard and pasture areas, a barn, and additional outbuildings. A major highlight is the approximately 3,000 sq. ft. shop, offering substantial space for storage, equipment, hobbies, or workspace and including a bathroom. Conveniently located within driving distance of Legal, Morinville, St. Albert, and Edmonton, this acreage offers a combination of residential space, outbuildings, and usable land. More details
    Courtesy of Adnan H Shaben of Sable Realty
    LISTING DETAILS
    Haupt Phaneuf Real Estate Team
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Data was last updated November 10, 2026 at 01:30 PM (UTC)
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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A court-ordered acreage sale can look like a bargain, but it follows a different path from a normal purchase. Southwest Edmonton clients who ask us about rural foreclosures want two things: to understand the process and to know how to protect themselves on a property that may not have been looked after.

How a court-ordered sale differs

In Alberta, a lender enforcing a mortgage usually goes through the Court of King's Bench. When a property is listed for sale under a court order, the seller is not the owner who lived there, and the court has to approve the sale. That means your accepted offer is often subject to court approval, the timeline is longer, and you usually buy the property as it is, with limited information from the seller. The Centre for Public Legal Education Alberta publishes a plain-language booklet on the foreclosure process.

Acreage market context

Acreage home sales near Edmonton, 12 months to October 26, 2026
AreaSalesMedian sold
Strathcona, Parkland, Sturgeon and Leduc counties combined1,016$785,000
Rural Wetaskiwin County142$492,500
Rural Westlock County61$442,500

Sources: CPLEA, Foreclosure in Alberta. Sales figures are from the team's Paragon MLS pull (REALTORS® Association of Edmonton), Rural class, sold in the 12 months to October 26, 2026. Medians only; individual sale prices are not shown. Foreclosure sales are part of these totals and are not shown separately.

What southwest buyers ask

  • Can I make my offer conditional? Usually yes, but conditions must fit the court timeline. Plan inspections and financing early.
  • What if the well or septic has failed? On a vacant rural property, test the water and inspect the septic before you firm up, and budget for repairs.
  • Can someone outbid me in court? Other buyers may be able to make offers at the approval stage. We explain how that works before you write.
  • Should I get legal advice? Yes. Have a real estate lawyer review the court documents and your offer.

How the team helps

The Haupt Phaneuf Real Estate Team helps you read the listing terms, arrange rural inspections quickly and prepare an offer that fits the court process. If you are selling a southwest home to fund the purchase, we time both carefully.

Common questions

Are acreage foreclosures sold as is?

Court-ordered sales are generally sold as is, with little information from the former owner. Inspections and water and septic testing matter even more.

Does the court have to approve my purchase?

In Alberta, sales under a court order normally need court approval, which adds time to the process.

Where can I learn about the foreclosure process?

CPLEA's booklet Foreclosure in Alberta explains mortgage default, owners' options and the process in plain language.

Where can I see acreage foreclosures?

See the current list on HauptRealty.com and call the team at (780) 993-8574.

About the team

The Haupt Phaneuf Real Estate Team is brokered by eXp Realty. Mathew Haupt and Dane Phaneuf lead the team's work in southwest Edmonton, and the team hub, HauptRealty.com, serves the rest of the city. When you call about acreage foreclosures, you speak with someone who lives and works in the southwest, knows its streets and schools, and can fold your current home and your next one into a single plan. The team also includes Mathew Haupt, who is licensed in residential, commercial and agricultural real estate and builds homes.

Contact

Questions about acreage foreclosures? Contact the Haupt Phaneuf Real Estate Team, eXp Realty, at 780-993-8574.

Keep exploring

Questions about Buying an Acreage Foreclosure: SW Office Guide?

Contact the Haupt Phaneuf Real Estate Team, eXp Realty, at 780-993-8574.

Call or text 780-993-8574Send the team a message

EDMONTON on the map

A Landscape of Potential and Pitfalls

Walking onto a foreclosed acreage requires a different perspective. You must look beyond overgrown fields or a dated interior and assess the fundamental assets: the quality of the land, the viability of the well and septic system, and the soundness of the core structure. These properties often require a vision for what they can become, as well as the financial readiness to address deferred maintenance or unexpected repairs that are common in such scenarios.

A Calculated Path to Country Living

Ultimately, pursuing an acreage foreclosure is a calculated decision. It sacrifices the certainty and ease of a standard purchase for the potential of substantial equity from day one. This path is best suited for investors, contractors, or highly motivated buyers who have the resources, patience, and risk tolerance to manage a complex transaction. For the right person, a foreclosed acreage isn't just a property; it's a project with the potential to become a deeply rewarding home and a powerful investment.

Data last updated on November 10, 2026 at 01:30 PM (UTC).
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.