Your browser version is outdated. We recommend that you update your browser to the latest version.

Background

The subject lands are comprised of two adjoining lots and are being presented for sale as a single package to allow greater flexibility for potential development. Located in the County of Rocky View, the lot 1 & 2 properties have been owned by the same family since 1950 and a unique building known as the NagWay Inn was constructed and operated as a restaurant/night club/banquet catering facility until the mid-1980's. The building structure, NagWay Inn, remains vacant on the property today but is no longer a viable structure. As well, an older +/- 1040 sq. ft. family occupied residence is located towards the rear of the property and may be suitable as an office/caretaking facility and/or may be considered expendable as well.

As in the past, and even more so today, the properties attributes have remained the same - a unique rural location, magnificent mountain/valley/city views, and close proximity to the urban consumer base - Calgary. The neighbourhood boasts country residential living, natural areas and golf courses, all within meters of Calgary's high density urban market. Located nearby is the new and prestigious Watermark country residential community boasting 450+ homes when completed. 

The properties are located on the north side of Nagway Road at a mid-point between Twelve Mile Coulee Road (Calgary city limits) and Bearspaw Road providing excellent highway access in all directions to the divided and traffic light-controlled intersections at Highway 1A. The four-lane divided highway handles a high volume of local and commuter traffic (17,000+ cars/day) to the fast growing community of Cochrane, AB. and is a scenic alternate route to Canmore/Banff, AB.

A majority of the lands to the north and west of the subject lands have been developed with exclusive country residences and the Bearspaw Golf & Country Club which is visible from the property. South across Highway 1A at Bearspaw Road, west of the property, is a pocket of non-residential and commercial properties. These include the Bearspaw Elementary/Middle School, Bearspaw/Glendale CommunityCentre, an insurance office, a service station and a fine dining restaurant.

The subject property lots 1 & 2 are zoned Highway Business District (B-1) which allows numerous specific and discretionary commercial uses. A unique aspect of the B-1 zoning is that a residential structure (home) is allowed as an accessory to the commercial use. The development process in the County is becoming increasingly more flexible and as stated in the Calgary Herald "the Rocky View County is open for business"............"and the area is hot..........and close to reaching the boiling point as City land becomes scarce, costly and difficult to develop".

 
The subject properties are currently the only undeveloped sizeable Commercial (B-1) designated properties remaining/available along the Calgary to Cochrane highway corridor. Urban development of the communities of Rocky Ridge, Tuscany, and Royal Oak have now reached the western boundary of the City of Calgary at 12 Mile Coulee Road, 0.6 km. eastward from the subject properties. This includes the commercial development of the Co-op Shopping Centre, suggesting that any future commercial opportunities further westward will need to take place outside the City of Calgary in the Rocky View County/Bearspaw area. Since such properties are of limited availability, the subject properties therefore represent a unique opportunity for development, particularly for those seeking to capitalize on the outstanding view and location.