RESIDENTIAL
RURALIf you’ve been looking for space, functionality, and serious shop capacity, this 4.99-acre property just south of Sundre delivers outstanding potential for the right buyer.
The 1.5-storey home, built in 2013, offers 1,936 sq. ft. above grade with an unfinished basement ready for future development. Finished in knotty pine inside and out, the home has a warm, rustic character throughout. The main floor features two bedrooms, a full bathroom, kitchen, and living area, while the upper level includes a full bath and a spacious family room that could easily serve as a primary suite.
Outdoor living is a major highlight, with approximately 1,290 sq. ft. of deck space, including a partially covered section. (Please note: upper deck requires railing installation.) The home does require cleanup and finishing touches but offers a solid structure and excellent opportunity to customize to your vision.
The true standout feature is the impressive 4,728 sq. ft. shop — previously operated as a body shop — complete with its own separately metered service. Built circa 2004, this versatile building includes:
• Approximately 3,000 sq. ft. central shop area
• Two side lean-tos totaling ~1,440 sq. ft.
• ~288 sq. ft. front office with staff area and 3-piece bathroom
• Multiple overhead doors (12’x14’ x2, 9’x8’ x2 front, 10’x12’ rear)
• 16’ ceilings
• LED lighting
• 200-amp power panel
• In-floor heat, overhead radiant heater, interior gas boiler
• Exterior coal boiler (not currently in use)
Please note: Spray booth, mixing room, and related body shop equipment are excluded from the sale.
Additional improvements include a partially converted 416 sq. ft. garage space with spray foam insulation, pellet stove, water lines, and wiring, plus a 144 sq. ft. well house.
Property is being sold “as-is, where-is,” with no warranties or representations at date/time of closing.
With vision and effort, this property could become the ultimate home-based business setup, a tradesperson’s dream shop, or a private acreage with exceptional workspace just minutes from Sundre.
Water Valley General Store stands as one of Alberta’s most cherished rural landmarks and a lasting symbol of community connection. For more than seven decades, this iconic property has played a central role in daily life in Water Valley, serving not only as a place to purchase everyday essentials but also as a welcoming gathering space where neighbours meet, stories are shared, and traditions are passed from one generation to the next. Few properties offer this level of historical significance combined with genuine community importance.
Located in the heart of Water Valley, the General Store enjoys excellent exposure and a central position within the village, making it a natural hub for both locals and visitors. The historic building offers outstanding potential for a variety of uses, including retail, café, food service, or mixed-use concepts, while maintaining the character and charm that residents deeply value. Ownership of this property represents more than a commercial investment—it is an opportunity to steward a beloved landmark and contribute meaningfully to the ongoing vitality of the community.
The property is fully equipped for turn-key operation and has seen numerous functional upgrades to support modern business needs. Features include inspected underground gas tanks, upgraded and newer gas pumps, a brand-new air conditioning unit, newer fixtures throughout, and a reverse osmosis water filtration system, among other improvements. These updates provide peace of mind and allow an incoming owner or operator to focus on business operations rather than infrastructure.
For buyers, this offering presents a rare combination of location, history, and long-term potential in a tightly knit and supportive community. For entrepreneurs, it offers the chance to operate a business that is already woven into the fabric of local life. In addition to a full purchase, the Seller is also open to leasing options. The main building—or alternatively the second main building—may be leased upon request, providing flexibility for those who wish to establish or expand operations without an immediate purchase.
Whether acquired as an investment property, owner-operated business, or community-focused venture, the Water Valley General Store is a once-in-a-generation opportunity to own or operate a historic property with enduring relevance, strong visibility, and meaningful impact.
Strategic Urban Fringe Investment | 159 Acres at Olds Town Limits
Rare opportunity to secure a premier quarter section (159.0 acres) situated on the immediate southwest boundary of Olds, AB. This highly productive parcel offers the perfect synergy of agricultural income, immediate residential potential, and long-term urban-fringe appreciation.
Land & Production: Features approximately 92 acres of high-quality cultivated cropland, with the balance in lush pasture and a mature, treed yard site. Whether you are expanding your agricultural portfolio or seeking a massive private estate, the land is as productive as it is beautiful.
Infrastructure & Income: The yard site is accessed via dual approaches directly off pavement and is fully serviced with power, a drilled water well (8 g.p.m.), a steel quonset with power & concrete floor, a traditional red barn with steel roof, and two steel grain bins. Benefit from immediate cash flow with rental income (Ag land & old house tenants in place until Oct 31, 2026), providing a steady ROI while you finalize your development or building plans.
Future Potential: Situated in the path of growth, this property offers significant subdivision potential (subject to county approval), including the original yard site or a possibly a naturally severed parcel in the SW corner. List price is strategically based on land value, services, and outbuildings—the existing home is rented but requires substantial maintenance/repairs and upgrading throughout.
Invest for the future; build for the generations. Opportunities of this scale on the doorstep of town limits are a rare find.
Water Valley General Store stands as one of Alberta’s most cherished rural landmarks and a lasting symbol of community connection. For more than seven decades, this iconic property has played a central role in daily life in Water Valley, serving not only as a place to purchase everyday essentials but also as a welcoming gathering space where neighbours meet, stories are shared, and traditions are passed from one generation to the next. Few properties offer this level of historical significance combined with genuine community importance.
Located in the heart of Water Valley, the General Store enjoys excellent exposure and a central position within the village, making it a natural hub for both locals and visitors. The historic building offers outstanding potential for a variety of uses, including retail, café, food service, or mixed-use concepts, while maintaining the character and charm that residents deeply value. Ownership of this property represents more than a commercial investment—it is an opportunity to steward a beloved landmark and contribute meaningfully to the ongoing vitality of the community.
The property is fully equipped for turn-key operation and has seen numerous functional upgrades to support modern business needs. Features include inspected underground gas tanks, upgraded and newer gas pumps, a brand-new air conditioning unit, newer fixtures throughout, and a reverse osmosis water filtration system, among other improvements. These updates provide peace of mind and allow an incoming owner or operator to focus on business operations rather than infrastructure.
For buyers, this offering presents a rare combination of location, history, and long-term potential in a tightly knit and supportive community. For entrepreneurs, it offers the chance to operate a business that is already woven into the fabric of local life. In addition to a full purchase, the Seller is also open to leasing options. The main building—or alternatively the second main building—may be leased upon request, providing flexibility for those who wish to establish or expand operations without an immediate purchase.
Whether acquired as an investment property, owner-operated business, or community-focused venture, the Water Valley General Store is a once-in-a-generation opportunity to own or operate a historic property with enduring relevance, strong visibility, and meaningful impact.
4.6 Acres with an incredible Mountain view. This flat lot has a few trees on the east side, it\'s the perfect building site for your new home. There is power at the property line that can brought in. Cochrane Lake Gas Coop has a line there to tie into. Farmland and one acreage border the property. Located close to the Village of Cremona and Water Valleyabout 5 minutes . There is a community hall nearby so you can get associated with the neighbours. Check with Mountainview County on Building guidelines.
Listing Brokerage: First Place Realty
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