Community guide · Water Valley, Alberta
Living in Water Valley, Alberta: Acreages, Lakes & Foothills Living
Water Valley is a country hamlet in the foothills of Mountain View County, about 20 minutes north of Cochrane and west of the Cowboy Trail (Highway 22). Tucked between rolling hills, forest and the Little Red Deer River, it draws buyers looking for acreages with mountain views, a tight-knit community and golf, fishing and riding right outside the door. Use the map below to explore the hamlet and the spots nearby.
20 minTo Cochrane
18 holesWater Valley Golf & Country Club
5 kmTo Winchell Lake for fishing and boating
$498,967Average benchmark price, Mountain View region, 2025 (CREB)
Community life
A small hamlet with a big community spirit
Water Valley is ranch country, and the calendar shows it: the historic Water Valley Rodeo and Stampede, Water Valley Days with its parade and ball tournament, the Celtic Festival, the Christmas in the Valley market and monthly bingo at the community hall. The Water Valley Community Association built a new hall that hosts events of every kind, and the Old Water Valley School is still a gathering place for local artists.
Services & amenities
What's in the hamlet
Everyday needs: a general store and gas station, hardware store and post office, liquor store, the Water Valley Saloon & Roadhouse, a café and pizza, plus a public library and community centre.
Schools: students attend Cremona School (K–12, Chinook's Edge School Division), and there is a play school in the community.
Outdoors: Water Valley Golf & Country Club, Winchell Lake for fishing, boating and trails, the Little Red Deer River, Water Valley RV Park and riding at Anderson Valley Ranch.
Health care: the nearest hospitals are in Didsbury, Olds and Sundre, and urgent care is in Cochrane.
Getting around
Distances & drive times
| Cremona | about 15 min |
| Cochrane | about 20 min |
| Calgary | about 45 min |
| Sundre | about 35 min |
| Banff | about 1 hr 40 min |
Approximate drive times in good conditions. Many roads are gravel, so plan a little extra in winter.
Market trend
Mountain View region home prices
Average annual benchmark price, all home types, for CREB's Mountain View region, which includes Water Valley. Acreage values vary a lot with land size, water and views, so ask me for recent sales near the property you're looking at.
The area
Water Valley & nearby
Hamlet
Lake & golf
Nearby towns
Thinking about Water Valley?
Let's find your acreage in the foothills
Buying in the country comes with questions about wells, septic, land use and access. I can help you sort through them and find a property that fits the way you want to live. Reach out any time. I'm happy to answer questions, no pressure.
1612 - 17 Avenue S.W.
Calgary, AB, T2T 0E3