206 Government Road S, Diamond Valley, Alberta

$854,905

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About 206 Government Road S

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.

Features of 206 Government Road S

MLS® # A2291317
Price $854,905
Year Built 1918
Type Commercial
Sub-Type Retail
Status Active

Community Information

Address 206 Government Road S
Subdivision NONE
City Diamond Valley
County Foothills County
Province Alberta
Postal Code T0L 0H0

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed March 9th, 2026
Days on Market 176
Zoning DC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX House of Real Estate

Listing Map