By the numbers
How this listing measures up
$/sqft
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vs Gasoline Alley median
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Sqft per bedroom
—
Year built
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Annual taxes
$21,050
2025
About this property
Exceptional Land Assembly Opportunity in Red Deer! Located at 408 Lantern Street, this property presents a rare development opportunity in a growing and well-established area of Red Deer. Offered as part of a potential land assembly, the site provides excellent future redevelopment potential for investors, builders, and developers seeking to capitalize on the area's continued growth and demand. Strategically positioned with convenient access to major roadways, public transit, schools, parks, shopping, and other amenities, this property offers strong long-term value. Purchasers are advised to conduct their own due diligence regarding zoning, development potential, and municipal approvals. An outstanding opportunity to secure a key piece of a larger development project in a desirable location.
Property details
| Inclusions | None |
| Lot size | 43056.00 sqft |
| Fencing | None |
| Annual taxes | $21,050 |
| Tax year | 2025 |
| Possession | Other/See Remarks |
| Zoning | C-2 |
| Title | Fee Simple |
| Restrictions | None Known |
| Neighbourhood | Gasoline Alley |
| List AOR | Calgary |
Location
Sold comparables in Gasoline Alley
0 recent sales in Gasoline Alley
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Sign up to see sold dataAbout Gasoline Alley
AI-generated summaryA highway commercial strip on Red Deer's northern edge — not a traditional residential neighbourhood, but a practical, car-centric hub built around retail and services.
Located along the QEII Highway corridor between Calgary and Edmonton
Named for its high concentration of auto dealerships and fuel services
Serves as a major commercial service node for Red Deer and surrounding communities
Housing
Residential options are extremely limited; the area is dominated by commercial, retail, and industrial land uses.
Transit
Very limited public transit coverage; a personal vehicle is essentially required to navigate this area.
Amenities
Home to big-box retailers, auto dealerships, hotels, fast food chains, and fuel stations serving travellers along the QEII Highway corridor.
Who lives here
Few permanent residents; the area primarily attracts commuters, highway travellers, and workers employed in the surrounding commercial and industrial businesses.
This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.


