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Jeff Campbell


  • Office 403.275.3331

240187 Rainbow Rd, Chestermere, Alberta – $1,275,000

  • $1.3M Price
  • 1.49 Acres
  • 6 DOM
  • $1.3M Price
  • 1.49 Acres
  • 6 DOM

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240187 Rainbow Rd

1.49 acre development parcel in Chestermere with excellent frontage onto Rainbow Road. Backing onto the canal and government reserve with a mountain view, this is a great site for commercial or multi family. It is in the Edgewater Area Structure Plan proposed designation as a high density multi-family site that would hold 54 units. Currently zoned temporary commercial This property is a great holding property generating an annual gross income of $60,800. Please do not access property or bother tenants. It is on a major road that runs North to South through Chestermere connecting the Trans Canada Highway to the 1A and Glenmore Trail. Chestermere is a city of 20,000 that is located across the road from Calgary's Eastern border. There is no senior's housing available in town and a great need. There is also not any true office buildings, only strip malls with high priced retail space being used as offices.

Essential Information

  • MLS® #C4221647
  • Price$1,275,000
  • Bathrooms0.00
  • Acres1.49
  • TypeLand
  • StatusActive

Community Information

  • Address240187 Rainbow Rd
  • AreaChestermere
  • SubdivisionNone
  • CityChestermere
  • ProvinceAlberta
  • Postal Codet1x 0m8


Exterior Features

Creek, Environmental Reserve, High Traffic Area, View, View Mountain

Additional Information

  • Days on Market6

Listing Details

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Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.

Listing information last updated on January 15th, 2019 at 7:30pm MST.