Residential Property Sale
The Town of High River sold fourteen residential properties located on Riverside Drive and High View Park. Details on why the Town went through this process are below.
Resources
- Insurance Letter
- Flood Mitigation Network
- Real Property Transactions Policy
- Disposition of Surplus Real Property Procedure
- Safety Codes Permitting Requirements Package
You can watch a recording of the bid openings that were live streamed through the Town's YouTube channel. The table below indicates the results of each sale.
Address | Starting Bid | Live Stream Bid Date & Time | Status |
626 High View Park | $217,660 | April 28: 3pm | SOLD for $267,777 |
400 Riverside Drive | $332,860 | April 28: 3pm | SOLD for $414,000 |
627 High View Park | $217,660 | May 12: 3pm | SOLD for $268,779 |
1302 Riverside Drive | $341,410 | May 12: 3pm | SOLD for $468,800 |
628 High View Park | $219,910 | May 26: 3pm | SOLD for $282,600 |
1310 Riverside Drive | $270,310 | May 26: 3pm | SOLD for $501,010 |
630 High View Park | $211,360 | June 9: 3pm | SOLD for $302,300 |
1314 Riverside Drive | $335,110 | June 9: 3pm | SOLD for $561,314 |
632 High View Park | $223,960 | June 23: 3pm | SOLD for $350,000.28 |
1318 Riverside Drive | $304,510 | June 23: 3pm | SOLD for $434,552 |
633 High View Park | $224,410 | July 7: 3pm | SOLD for $392,601.64 |
1326 Riverside Drive | $364,810 | July 7: 3pm | SOLD for $567,664.95 |
634 High View Park | $224,410 | July 21: 3pm | SOLD for $341,237 |
635 High View Park | $228,910 | July 21: 3pm | SOLD at $388,758.99 4 bids received |
Background
Following the 2013 flood, the Province of Alberta offered buyouts to property owners whose primary residences were identified as being within the 1992 provincial flood map. The Town of High River has purchased 14 properties back from the Province intending to return them to private ownership to restore a sense of community in these beautiful neighbourhoods.
High River is a leader in flood mitigation. World-class protection makes it one of the safest communities in Canada. A mitigation network now protects the Town, including these properties.
To read more about High River’s dike network, see the 2022 Insurance Letter. More information can be found on the Flood Preparedness and Protection, Annual River Monitoring page.
FAQ
Why did the Province buy these houses?
After the 2013 flood, the Province decided to offer buyouts to all homeowners whose primary residence was touching the floodway, as mapped in 1992.
Why did the Town purchase these houses?
The Town purchased the homes from the Province so they can be returned to private ownership, restoring a sense of community in these beautiful neighbourhoods.
How did the Town come up with the asking prices for the the houses?
The minimum bid for each property reflects the amount the Town has spent to purchase each home. These include buying each house from the Province as well as the Town’s legal and land transfer fees.
We're here to help, contact us!
309B Macleod Trail S.W., High River, Alberta
Monday to Friday 8:30am - 4:30pm (Closed on statutory holidays)
legislativeservices@highriver.ca
403-652-2110
Media Requests: communications@highriver.ca
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