Opportunities like this don't come around often. 28.76 acres of AG-zoned land in Red Deer County fully equipped and ready for horses, your business, or both, with prime Highway 2 frontage and an easy commute to Red Deer, Penhold, and Innisfail.
At the heart of the property sits an impressive 16-stall heated barn spanning 5,000+ SQFT, thoughtfully designed with an office, wash rack, medical room/workshop, laundry and a bathroom. Everything you need to run a professional operation without leaving the property.
Train and condition with confidence on the ½-mile banked training track, then turn horses out with ease into fenced paddocks complete with shelters, automatic waterers, and a central round pen. Ground has already been broken to expand paddocks and add further turnout pens.
The renovated 1,000+ SQFT bungalow offers comfortable, move-in-ready living with updated windows, siding, roofing, paint, and more. The main floor has a bright living space, dining room, and kitchen, along with a 3 piece bathroom, bedroom, and the primary bedroom with a 2 piece ensuite. Downstairs, you’ll find a large family space, the start of a kitchenette area, two more bedrooms, and a large laundry space and bathroom. Step outside to a stunning backyard retreat featuring mature trees, a beautiful garden, and plenty of room to expand or create.
This property delivers rare infrastructure, highway visibility, and a location that keeps you close to everything. AG zoning allows the flexibility for multiple business ventures, not just equestrians!
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
Bungalow
Current Use:
Horses
Major Use Description:
Equestrian
Business Name:
Lambert Racing Stables
Total Living Area:
1,089.16 sq. ft.101 m2
Lot Area:
28.8 acre(s)11.6 hectare(s)
Levels:
One
Total Rooms Above Grade:
4
Year built:
1988
(Age: 38)
Bedrooms:
3
(Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms On Main:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0
(Full:1, Half:2)
Num Ensuite Baths:
1
Plan:
NW HWY
Heating:
Forced Air, Natural Gas
Basement:
Full, Separate/Exterior Entry
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Vinyl
Water Supply:
Private, Well
Sewer:
Septic System
Utilities:
Electricity Connected, Natural Gas Connected
Garage:
No
Parking:
Oversized
House: Refrigerator, Gas Range, Microwave, Dishwasher, Window Coverings, Washer, Dryer, Electric Range. Barn: Overhead Heaters, Garage Door Openers, Stalls, Barn Mats, Washer, Dryer. Fencing, Gates, Auto Waterers, x4 Livestock Shelters, Freestanding Panels (Negotiable).
Data was last updated November 7, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,375,000
Min list price:
$1,050,000
Max list price:
$3,999,000
Avg days on market:
111
Min days on market:
4
Max days on market:
1,230
Avg price per sq.ft.:
$1,050.14
These statistics are generated based on the current listing's property type
and located in
Rural Red Deer County. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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.