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5204 579 Highway W
Rural Mountain View County Rural Mountain View County T0M 2E0

$425,000
Commercial

Main Photo: 5204 579 Highway W in Rural Mountain View County: Business for sale : MLS®# A2298498
Photo 1: 5204 579 Highway W in Rural Mountain View County: Business for sale : MLS®# A2298498
Photo 2: 5204 579 Highway W in Rural Mountain View County: Business for sale : MLS®# A2298498
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2298498
Build. Type:
Free-Standing
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.
Property Type:
Commercial
Property Sub Type:
Business
Transaction Type:
For Sale
Lease Rate:
$3,500.00
Lease Payment Frequency:
Monthly
Lease Measure:
Square Feet
Lease Term:
Negotiable
Possession:
Possession Date:
Building Type:
Free-Standing, Retail, See Remarks, Street Level Storefront
Total Building Area:
1,976.45 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
33,976 sq. ft.
Lot Frontage:
129'
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1950 (Age: 76)
Bathrooms:
- (Full:-, Half:-)
Plan:
9411595
Heating:
Forced Air, Natural Gas
Foundation:
See Remarks
Building Name:
Water Valley General Store
Construction Material:
Concrete, Wood Frame, Wood Siding
Structure Type:
Retail
Roof:
Asphalt Shingle
Ensuite:
No
Cooling:
Full
Garage:
No
Freezer(s)
Fixtures, Chatters and Inventory (No Value)
None Known
Title to Land:
Fee Simple
Access To Property:
Direct Access, Public
Num. of Parcels:
0
Nearest Town:
Cremona
Region:
Mountain View County
Zoning:
C-LC
Listed Date:
Apr 02, 2026
Days on Mkt:
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Listed by Real Broker
Data was last updated April 3, 2026 at 10:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.