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240187 Rainbow Rd 1.81 Acres of Commercial Land Offered at $2,700,000 CAD in Chestermere, AB T1X 0M8
Executive Summary
This property offers a rare chance to take control of your future, own your business, build equity, and stop paying rent to someone else. With 4,000 sq. ft. of interior space ready for renovation and 1.8 acres of land for additional development, you have the freedom to design a space that fits your vision.
Located on Rainbow Road, this site boasts 600 feet of prime frontage on a major collector route connecting Chestermere to Highway 1A, the Trans Canada Highway, Glenmore Trail, and providing quick access to both Stoney and Deerfoot Trails. Visibility, accessibility, and traffic flow are all on your side. The possibilities for this property are wide ranging. It would be an excellent location for:
? A daycare or kindergarten facility
? An animal care or veterinary center
? A medical or wellness building
? Or virtually any commercial concept you can imagine
The land is currently zoned for high density residential, but the owners are open to supporting a rezoning application for commercial use, making this an exceptional opportunity for entrepreneurs, developers, and investors.
Property Facts
| Price | $2,700,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.81 AC |
| Zoning | R-4 | ||
| Price | $2,700,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.81 AC |
| Zoning | R-4 |
1 Lot Available
Lot
| Price | $2,700,000 CAD | Lot Size | 1.81 AC |
| Price Per AC | $1,491,712.71 CAD |
| Price | $2,700,000 CAD |
| Price Per AC | $1,491,712.71 CAD |
| Lot Size | 1.81 AC |
Ideally situated in a sought-after neighbourhood with convenient access to major routes, shopping, dining, recreation, and transit.
Description
Located on Calgary’s eastern border Chestermere is the closest community. Chestermere has developed around a 750-acre irrigation lake which is part of the Western Irrigation District. Because of the access to water from this canal system, Chestermere has many beautiful ponds, and canals throughout the city. Since 2024 Chestermere’s population has grown by 15% to a total population of 32,000. The house and the shop currently rent for $65,000.00 annually. The renters are on a month-to-month tenancy. Three months clear notice can be given when you wish to start development. In surrounding Rockview County there are 22,600 residents over 55. The City of Calgary is just 5 minutes away, with many mature residents desiring an upscale condo lifestyle.
Presented by
240187 Rainbow Rd
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