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Home Communities Gasoline Alley 408 Lantern Street
$1,100,000 Active
408 Lantern Street · Rural Red Deer County · T4E0A5
bd ba
MLS® A2321015 · Listed Jun 14, 2026
Listed by Coldwell Banker YAD Realty — Amrit Bedi, Andy Bhalla
By the numbers

How this listing measures up

$/sqft
vs Gasoline Alley median
Sqft per bedroom
Year built
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

InclusionsNone
Lot size43056.00 sqft
FencingNone
Annual taxes$21,050
Tax year2025
PossessionOther/See Remarks
ZoningC-2
TitleFee Simple
RestrictionsNone Known
NeighbourhoodGasoline Alley
List AORCalgary

Location

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About Gasoline Alley

AI-generated summary

A 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.
Full Gasoline Alley community profile →

This neighbourhood summary was generated by AI for general orientation only. Verify details with the City of Calgary and your REALTOR® before making decisions.

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Listed by: Coldwell Banker YAD Realty — Amrit Bedi, Andy Bhalla.