2 Acres of land with a 3600 SQ FT Small Strip Centre in Water Valley with 4 bays. Restaurant, 2-Play School and Office. Population in the area is around 1800. Water Valley is an unincorporated community within Mountain View County, Alberta, Canada. Situated amongst the foothills of the Canadian Rockies, Water Valley is approximately 25 minutes North of Cochrane or 83 kilometres (52 mi) from the City of Calgary, along Highway 579 west of Highway 22 (Cowboy Trail). Water Valley boasts a small, but thriving commercial sector, along with a number of permanent residents, and is situated close to Winchell Lake, the Little Red Deer River and the Water Valley Golf Course and many camp site areas.