$899,900
FOR SALE

Commercial/Retail

206 Government Road S
Diamond Valley, AB T0L 0H0

Rare commercial opportunity on one of the 2 main corridors in Diamond Valley. This 125 ft x 120 ft (15,000 sq ft) DC-zoned lot features a charming circa-1914 heritage building currently home to a long-standing gift shop.The character structure offers vintage architectural appeal and street presence, making it ideal for boutique retail, gallery space, café, specialty shop, or other creative commercial uses. The generous lot size and Direct Control (DC) zoning provide flexibility for a variety of potential uses or future redevelopment (subject to municipal approval).Located in a visible and accessible area within the community, this property presents a unique opportunity for investors, entrepreneurs, or developers looking to own a piece of local history while exploring future potential.Opportunities combining historic charm, commercial zoning, and redevelopment flexibility are increasingly rare in the Foothills region. With approximately 15,000 sq ft of land, the property offers excellent long-term upside for investors seeking a holding property with income potential today and redevelopment possibilities in the future. The inclusion of McDonald's, Sobeys, Dollar Tree, Shoppers Drug Mart coming soon into the neighborhood, will result in imminent increases in land values. (id:47421)
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Listed By RE/MAX House of Real Estate
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2291317
Last Updated Mar 14, 2026
Property Summary
Property Type Commercial/Retail

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Price History

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Detailed Information
Listing Contract Date 2026-03-09
Municipal ID T752616857
Plan W:114
Property Type Retail
Transaction Type For sale
Zoning Description DC
Building
Constructed Date 1918
Size (Exterior) 1275 square feet
Total Finished Area 1275 sqft
Type Retail
Land
Total Size Unknown

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