The Opportunity

Overview

An exceptional multifamily development opportunity within Chestermere’s Sol Verde Lakeside complex. This 2± acre site is planned as a Bare Land Condominium and offers DP approval for 66 townhomes with attached garages, some featuring views of the lake and pond. Ideally located just steps from Chestermere Lake, the development combines lifestyle appeal with strong rental demand. Great price per door for residential development. This site presents a rare opportunity to enhance a multifamily portfolio or a high return on equity with individual townhome sales. Act now for Chestermere’s most desirable lakeside community, only a quick 5 minute drive to Calgary's city limits. (id:61970)

Investment highlights

01Multi-family

Property details

Property type: Multi-family
Transaction: For sale
Building area: 8,127 square feet
Listing brokerage: REMAX Innovations
Listing representative: Rez Jiwa
Board / association: Calgary

Financial information

Asking price$3,300,000

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Location intelligence

431 South Shore Drive
Chestermere, Alberta T1X2S2

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Documents

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 29258736
Last supplied (UTC): January 16, 2026
Listing brokerage: REMAX Innovations
Listing representative: Rez Jiwa
Board / association: Calgary

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: REMAX Innovations · Listing representative: Rez Jiwa · Board/association: Calgary · Updated (UTC): Jan 16, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.