$854,905
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206 Government Road S, Diamond Valley, AB T0L 0H0

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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, caf, 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.

Listing By: Steve Sklenka - RE/MAX House of Real Estate cnpilar Realty.com
  • MLS® A2291317
  • Date Listed03/09/2026
  • Days on Realty 139 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Subdivision NONE
  • County Foothills County
  • Year Built 1918

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T0L 0H0

Discover key demographics, population statistics, and environmental insights for the Diamond Valley, AB area.

Walkability in AB / T0L 0H0

Source: Walk Score

56/100

Somewhat Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

42/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 12/100, Transit Score: 0/100, Bike Score: 21/100.

Points of Interest near 206 Government Road S, Diamond Valley, AB T0L 0H0

Frequently Asked Questions for 206 Government Road S

Source: Realty.com

206 Government Road S, Diamond Valley, AB T0L 0H0 in NONE, Diamond Valley, AB T0L 0H0 is a retail listed at $854,905. Highlights include built in 1918. Realty.ca has 13 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 13 photos of 206 Government Road S.

Our records indicate that 206 Government Road S was built in 1918.

The full address for this home is 206 Government Road S, Diamond Valley, AB T0L 0H0.

206 Government Road S has been listed on Realty.com since Mon March 09, 2026

Some errands can be accomplished on foot. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 12/100, Transit Score: 0/100, Bike Score: 21/100.

Listing provided courtesy of: RE/MAX House of Real Estate (tel: 403-287-3880)
Listing agent: Steve Sklenka (tel: 403-703-3864)

This content last refreshed on 2026-07-26 22:53:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.