Commercial $ 349,000

5204 579 Highway W

Rural Mountain View County, AB T0M2E0

  • 0.78 Lot Size
  • 1950 Year Built
(Please note there are no financials) Gas tanks were inspected and approved for use on May 14/2026. Discover a rare opportunity to own a true landmark in the heart of Water Valley, Alberta. The iconic Water Valley General Store & Gas Station has long been a central hub for locals, visitors, and tourists exploring this beautiful and highly sought-after area. Rich in history and character, this property offers both a solid business foundation and exciting future potential.

The main building features 1,976 sq.ft. of functional retail space designed to serve a variety of uses, from general store operations to specialty retail or hospitality concepts. In addition, a 1,123 sq.ft. auxiliary structure provides valuable extra space—ideal for storage, workshop use, or the opportunity to expand and diversify revenue streams. This flexibility makes the property well-suited for entrepreneurs looking to bring new ideas to a well-established location.

Recent improvements to the main building include a new reverse osmosis water system, ensuring high-quality water service, a new air conditioning unit for improved comfort, and updated fixtures that enhance the overall look and functionality of the space. These upgrades contribute to a more efficient and inviting environment for both staff and customers.

The Water Valley General Store is more than just a business—it is a recognized and cherished destination within the community. Its established presence and consistent traffic from locals, weekend visitors, and outdoor enthusiasts make it a strategic investment opportunity. Whether continuing its current use or reimagining the space, the location supports a wide range of commercial possibilities.

Set against the backdrop of Alberta's stunning countryside, Water Valley is known for its natural beauty, recreational opportunities, and growing popularity as a getaway destination. The property benefits from excellent exposure and a steady flow of customers traveling through the area year-round.

Buyers should be aware that the main building will require a new roof in the future, presenting an opportunity to further enhance and add value to the property. Additionally, a Phase 2 Environmental Site Assessment will be required for the southwest corner of the main building, where two 2,500-litre fuel tanks were previously removed, and the area was backfilled. This has been reflected in the offering and should be considered as part of any due diligence.

This is a unique chance to acquire a historic, high-profile commercial property in one of Alberta's most charming rural communities. With its combination of history, location, and potential, the Water Valley General Store & Gas Station is ready for its next chapter.
Listed by Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Retail

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID A2298498

    Year Built 1950

    Annual Tax Amount $6,644

    Tax Year 2025

    Lot Size 0.780 Acres

    Acres 0.78

    Property Sub-Type Retail

    Source Calgary

  • Location

    Province AB

    County Mountain View County

    Zoning C-LC

  • Building

    Foundation See Remarks

    Structure Type Concrete,Wood Frame,Wood Siding

  • Interior

    Heating Forced Air, Natural Gas

    Cooling Full

    Inclusions Fixtures, Chatters and Inventory (No Value)

  • Exterior

    Roof Type Asphalt Shingle

    Lot Frontage 129.0

  • Others

    Restrictions None Known

    Tax ID 102220673

    Ownership Private

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