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Calgary, AB T2H 2C3

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509 1 Street SE
Diamond Valley Diamond Valley T0L 0H0

$359,900
Residential beds: 2 baths: 1.0 793 sq. ft. built: 1949

Main Photo: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 1: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 2: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 3: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 4: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 5: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 6: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 7: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 8: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 9: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 10: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 11: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 12: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 13: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 14: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 15: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 16: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 17: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 18: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 19: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 20: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 21: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 22: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 23: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 24: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 25: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 26: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 27: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 28: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 29: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 30: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 31: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Photo 32: 509 1 Street SE in Diamond Valley: Detached for sale : MLS®# A2320885
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2320885
Bedrooms:
2
Bathrooms:
1
Year Built:
1949
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 Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
Bungalow
Total Living Area:
792.64 sq. ft.
Main Level Finished Area:
792.64 sq. ft.
Acreage:
No
Lot Area:
11,977 sq. ft.
Lot Frontage:
100'4"
Front Exposure:
East
Levels:
One
Total Rooms Above Grade:
4
Year built:
1949 (Age: 77)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms On Main:
2
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Num Ensuite Baths:
1
Plan:
5533EF
Heating:
Forced Air
Basement:
Crawl Space
Foundation:
Block, None, Piling(s)
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
No
Parking:
Alley Access, Driveway, Off Street, Parking Pad
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Washer Hookup
Southeast
Dishwasher, Electric Range, Refrigerator, Window Coverings
N/A - All Inclusions are sold AS-IS
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
9'8" × 9'6"
Main Floor
Bedroom
9'8" × 9'8"
Main Floor
Kitchen
15'1" × 10'2"
Main Floor
Living Room
15'2" × 12'8"
Main Floor
Mud Room
11'9" × 11'7"
Basement
Furnace/Utility Room
12'4" × 6'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
5' x 7'9"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
See Remarks, Ceiling Fan(s)
Exterior Features:
Private Yard
Patio And Porch Features:
Front Porch
Lot Features:
Back Lane, Back Yard, Front Yard, Interior Lot
Num. of Parcels:
0
Fencing:
Partial
Region:
Foothills County
Zoning:
BD - SINGLE DETATCHED - R
Listed Date:
Jun 13, 2026
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Listed by Charles
Data was last updated September 5, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$599,000
Min list price:
$224,000
Max list price:
$975,000
Avg days on market:
53
Min days on market:
2
Max days on market:
240
Avg price per sq.ft.:
$453.15
These statistics are generated based on the current listing's property type and located in Diamond Valley. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON

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