Just an hour-and-a-half south of Calgary and only 30 minutes from the town of Vulcan lies a little-known gem. The Little Bow Resort and its collection of 250 bare land condominium properties is located along the sandy shores of Travers Reservoir, a 17-kilometre-long lake with crystal clear waters fed by the Little Bow River.

"It really is beautifully clean, and it is a deep lake and quiet, so you can really enjoy boating and all of the sports that go along with it," said Calgary real estate professional and Little Bow property owner Bill MacDougall.

If the idea of living on an acreage appeals to you, but you don't think you can afford the price of admission, don't despair. There are some areas around Calgary where affordable acreages can still be found.