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Investment Highlights

  • Lake-life Living.
  • Close proximity to Health, education and retail amenities.
  • Big City - Small Town pace.

Executive Summary

Two prime development parcels at 431 South Shore Drive in Chestermere offer an exceptional opportunity in a growing lakefront community. Unit 1 spans approximately 2 acres and is approved for 66 stacked townhomes, priced at $3,300,000, while Unit 2 covers 1.7 acres with approvals for a 132-unit low-rise and is conditionally sold. Both sites benefit from strong demographics, proximity to Calgary, and access to retail, education, and healthcare amenities, making them ideal for residential development.

Property Facts

Price $2,410,994 USD
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 3.70 AC

2 Lots Available

Lot 1

Price $2,410,994 USD
Price Per AC $1,205,497.11 USD
Lot Size 2.00 AC

Approximately 2-acre development parcel approved for 66 stacked townhomes in Chestermere’s sought-after lakefront community.

Lot 2

Lot Size 1.70 AC

~2+/- acre site approved for a 66 Unit Townhome project, DP submitted

Description

Located in the vibrant lakefront community of Chestermere, these two development parcels offer exceptional residential potential within minutes of Calgary. Unit 1 spans approximately 2 acres and is approved for 66 stacked townhomes, while Unit 2 covers 1.7 acres with approvals for a 132-unit low-rise and is conditionally sold. Both sites provide access to established amenities, strong family-oriented demographics, and convenient transportation routes, making them ideal for long-term growth and investment.

  • Listing ID: 39164455

  • Date on Market: 1/21/2026

  • Last Updated:

  • Address: 431 South Shore Dr, Chestermere, AB T1X 2S2

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