Here is a fantastic opportunity to build in the welcoming community of Rimbey. This 58’ x 129’ R1-zoned residential lot offers excellent potential for your future home, including favorable topography that may allow for a walk-out design, overlooking beautiful countryside. Whether you're planning a custom family home, a retirement retreat, or an investment build, this property provides the space and flexibility to bring your vision to life. Located in a quiet and friendly town, Rimbey offers the perfect balance between small-town charm and modern-day convenience. Residents enjoy a relaxed pace of life, welcoming neighbors, and a strong sense of community while still having access to essential services such as schools, healthcare, shopping, and dining. Outdoor enthusiasts and families alike will appreciate the abundance of recreational opportunities nearby. The area is surrounded by beautiful lakes, scenic golf courses, and year-round outdoor activities. Enjoy exciting events at the Central Alberta Raceway, participate in local agricultural fairs and community celebrations, or spend weekends boating, fishing, and exploring the many lakes within easy driving distance. If you've been dreaming of a place where life feels a little simpler, where community still matters, and where the countryside meets convenience, this property offers the perfect place to start. Come back to that familiar feeling of home — build your future in Rimbey.
A rare high-yield commercial investment located directly within the growth corridor surrounding the Red Deer Regional Hospital Centre Redevelopment — one of Alberta’s largest healthcare infrastructure upgrades. This major provincial investment is expected to significantly increase demand for medical, professional, hospitality, and mixed-use development in the immediate area, directly benefiting this property’s long-term value.
The site is 1.94 acres within the C4 – Major Arterial Commercial Zone, fully leased to three stable tenants: a Japanese restaurant, a bakery & café, and a bar & lounge, generating net rental income of $374,524/Y. The building was originally constructed in 1962, with substantial renovations completed in 1998–1999, 2005, 2008, and 2014, ensuring ongoing functionality and tenant appeal.
A major advantage of this offering is the large portion of vacant land included on the site. This additional land provides exceptional potential for future development, including:
-Medical-professional centre supporting the expanding hospital district,
-Rental condominium or apartment complex,
-Mixed-use commercial with residential above, Specialized healthcare services or clinics,
- Underground parking or walkout-level development, enabled by the site’s natural grade,
The property’s topography offers an ideal foundation for walkout basements and subterranean facilities, reducing construction complexity and enhancing design flexibility.
The C4 district is intended for high-visibility, high-traffic commercial uses along major transportation corridors. It supports businesses that benefit from strong exposure and easy access.
C4 – Major Arterial Commercial Zone Overview
This zone is designed to accommodate high-traffic commercial developments along major roadways. It typically supports businesses that benefit from visibility and accessibility.
-Permitted Uses: Retail stores and service shops, Restaurants and cafes, Hotels and motels, financial institutions, Medical and professional offices, Automotive sales and service,
Introducing Unit #306 - a versatile and high-visibility 1,400 sq. ft. flex space ideally positioned for office, retail, or fast-food use. This quality constructed building delivers excellent exposure, situated at the corners of Southlands Dr. SE and South Boundary Rd. - a busy corridor servicing the city's growing southeast quadrant. With seamless access for customers, clients or tenants alike, this space is ready to be tailored to your business needs. Whether you envision a professional office suite, a high-impact retail showroom or a quick-service food outlet with strong commuter and neighbourhood access, the property delivers exposure, accessibility and flexibility to execute. Operating Costs are estimated at $11.25 psf (including utilities) for 2025.
Listing Brokerage: AVISON YOUNG
It's all set up for you! Just bring your toothbrush, a swimsuit and some friends and family to share 1123 Oak Avenue! This Lauman's Landing Park Model property with the most adorable guest house / bunky is completely turn key and waiting for a new family to make memories. The park model is 540 sqft of well cared for modern hominess. The Primary bedroom features fresh flooring along with smart storage solutions. Down the hall is the 2nd bedroom, nice size bunk beds for kids or company. A convenient stacked laundry team and central vac along with central air make this home away from home set up for long stays! Sit out on the oversize deck or step down into the fenced back yard under one of the furnished gazebos. An outdoor kitchen awaits burgers and cold ones after a long day on Lac Des Iles water sporting or fishing. The purchase included a storage shed as well. For your guests, a coastal theme decor guest house with your own private bathroom. It's like walking into a magazine photo. It's that nice! There's a playground nearby as is a public dock and fish cleaning shack. Lac Des Ilse at Lauman's landing is next to the Meadow Lake Provincial Park. Known for some of the best fishing, golf at Northern Meadows 18 hole course (make time for lunch, the food is incredible too) Goodsoil, SK is a 5 minute drive to get groceries etc. You could not purchase this lot, place the park model and guest house for this price! Make your Lake Life dreams come true with this ready for you property!
Listing Brokerage: eXp Realty (Lloyd)
Spacious double lot with huge Bungalow featuring an incredible amount of living space and flexibility. It is ideal for large families or those looking for a great revenue property. With a thoughtful layout and generous square footage on both levels, this home provides comfort, function, and versatility. The upper level features a spacious primary bedroom along with two additional bedrooms. Two convenient bathrooms serve this level, while the bright living room provides a welcoming space to relax or entertain. The kitchen offers plenty of workspace and cabinetry and flows nicely into the dining area, creating a practical setting for everyday meals and gatherings. The lower level expands the possibilities even further with its own full living area. This level includes a second kitchen and dining space, a comfortable living room, and a large flex area that could be used as a recreation room, home office, gym, or additional family space depending on your needs. Two more bedrooms are located on this level, along with both a 3-piece bathroom with laundry and a 4-piece bathroom with laundry, adding convenience and functionality. Recent updates add further value and peace of mind, including a durable metal roof installed in 2025, a hot water tank replaced within the past three years, freshly painted lower-level living areas in 2025, and a recently upgraded bathroom on the lower level. With its unique layout, abundant square footage, and numerous updates, this property presents a rare opportunity to own a spacious home that offers exceptional flexibility for a variety of living arrangements.
Listing Brokerage: RE/MAX real estate central alberta
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