UNDER APPRAISED VALUE- EQUESTRIAN or COMMERCIAL BUILDING-Built 2015 - 25,000 Sq Ft. Engineered, Steel, insulated- 100' Wide x 250' Long x 20' Walls HEATED RIDING ARENA/COMMERCIAL Building, conveniently located off PAVED HWY 11, just 32 mins W of RED DEER. 2-16x16' Overhead doors with thresholds reinforced for BIG TRUCKS. 154 ACRES with 120 Acres in hay.  Clean, comfortable ***2013-1,520 Sqft. 4 Bdrm /2 Bth Modular Home*** could be excluded if you prefer to BUILD your DREAM HOME! Beautiful MOUNTAIN VIEW. Attractive Viewing Lounge with Kitchen, enjoys In-Floor heat.. UPPER MEZZANINE- for offices or Conference Hall- 34x100ft has Natural Gas & plumbing roughed-in for Kitchen, 6 Bthrms & 2 Showers, ready for you to complete.  Temp controlled Wash-bay & private Tack Rm. a 14 ft "BIG ASS" Fan, 2 Natural gas Radiant Heaters, 2 commercial HRV systems, add comfort & quality.  2022 BARN- 84x36ft-6 Stalls, with a 12 stall capacity & room to expand over-all building, enjoying Auto-Waterers in stalls, all with individual Shut-off valves & extensive wiring for extra lighting, Radiant Heat & HRV system & Bonus 14 ft x 84 ft Lean-to, designed to add another Lean-to on S side. NEW, AUG 2022-80' x 40' x 16 ft SHOP/HAY SHED. 8 Large pens w Auto-waterers, Steel PIPE fencing.  Quarter is fenced & cross-fenced with 2 Pasture fields & 2 Hay Fields. Pedestal Power system, recently upgraded for easy & extensive expansion. 120 acres of productive HAY land provides adequate volume to support facility or provide income. **Note-You can ADD a 2nd HOME- 2 Water wells, 2 Septic systems, Natural gas to Arena, Propane to home & barn. Has been host to a variety of Events & Clinics including Jumping, Obstacle Playdays, Reining, Working Cow Horse, Ranch roping, 4H Horse & Beef Events, Haul in Riders & more. If SIZE, LOCATION, QUALITY is important, this is a must see!  Attractive landscaping with over 1000 trees! Just 12 mins E of Rocky Mtn House/ 35 mins W of Hwy 2 & Red Deer/ 1 hr 40 mins to Calgary OR Edm International airport. PAVEMENT ALL THE WAY!  Hwy 11 Twinning, slated for 2025, just S of this property, is expected to stimulate exponential growth of activity & increase the value of this property!