501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309

Diamond Valley is a located in a very scenic area of the Foothills and is an amalgamation (2023) of the two towns of Black Diamond and Turner Valley.  It acts as a gateway to Kananaskis Country, Sheep River Provincial Park and is located along the historic Cowboy Trail of southern Alberta.  It’s always a pleasure to visit with unique shops, restaurants, pubs & distillery. There is a blend of older gas & oil boom era homes to modern homes in the backdrop of trees and rolling foothills.

A great community to call home with the Turner Valley Golf Club, Oilfields Hospital, Kindergarten through Grade 12 schools, hockey rink, swimming pool, campgrounds, playgrounds, active community clubs and the Friendship Trail walking & bike trail.  Contact Joyce with questions about this town approximately a 35 minute drive from Calgary.

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501 Centre Avenue E
Diamond Valley Diamond Valley T0L 0H0

$2,250,000
Land

Main Photo: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Photo 1: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Photo 2: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Photo 3: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Photo 4: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Photo 5: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Photo 6: 501 Centre Avenue E in Diamond Valley: Commercial Land for sale : MLS®# A2314309
Status:
Active
Prop. Type:
Land
MLS® Num:
A2314309
RARE 3.43 Acres Located On Highway 7 - Commercial Development Opportunity +600 feet Frontage - CB2 Zoning - Prime 3.43 acres of commercial land with 600 feet of Hwy 7 frontage. Rare opportunity to acquire 3.43 acres of contiguous commercial land on the Eastern Gateway to Diamond Valley. The property offers approximately 600 feet of Highway 7 frontage, excellent visibility and exposure, and CB2 commercial zoning. It is located as your enter Diamond Valley from Okotoks. It provides a strategic opportunity for a commercial developer, investor or owner-user looking for a prominent highway oriented location. The property is also positioned near the proposed Colts Crossing residential development area. Its size, commercial zoning and highway frontage, is an exceptional opportunity that will be difficult to replicate within Diamond Valley.
Property Type:
Land
Property Sub Type:
Commercial Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3.43 acre(s)
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
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Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Ensuite:
No
Garage:
No
N/A
None Known
Title to Land:
Fee Simple
Access To Property:
Direct Access, On Major Traffic Route, Public, Visual Exposure
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
CB2
Listed Date:
May 24, 2026
Days on Mkt:
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Listed by Keller Williams BOLD Realty
Data was last updated September 6, 2026 at 12:05 AM (UTC)
Joyce O'Neill
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