Devon Commercial Land Market

Devon Commercial Land

Industrial, commercial and development land for sale in Devon. Alberta & Saskatchewan Commercial.

Talk to a Broker All Devon Properties

$50–200K/acAvg Land Price

1–50 acLot Sizes

Ind / CommZoning Types

3–6 moTypical Close

$50–200K/ac

Avg Land Price

1–50 ac

Lot Sizes

Ind / Comm

Zoning Types

4.4%

Annual Population Growth

Devon Land — Submarket Overview

Devon is Leduc-area bedroom community; former oil discovery town. The land market benefits from Alberta's strong fundamentals: 4.4% annually (fastest in Canada) population growth and No provincial income or sales tax.

Submarket	Lot Range	Price/Ac	Zoning	Notes
Devon Industrial Reserve	1–10 ac	$50–200K/ac	Industrial / M-1	Serviced · Shovel-ready
Devon Commercial Zone	0.5–3 ac	$50–200K/ac	Commercial / C-2	Highway exposure
Devon NW Development Area	5–50 ac	$50–200K/ac	Mixed / Proposed	Future growth corridor

Devon Land Investment Guide

Commercial and industrial land in Devon is priced by servicing status, zoning, size, and proximity to highways and utilities. Fully serviced, shovel-ready land commands a significant premium over raw land requiring offsite works. Verify servicing agreements and development levies before purchasing.

Due Diligence for Land in Alberta

Key due diligence items: current zoning vs. intended use, environmental site assessment (Phase I and potentially Phase II), servicing costs, development charges, geotechnical assessment, and municipal approval timeline. Land carries higher risk and longer holding periods than income-producing assets.

Land Development in Alberta

Alberta municipalities vary widely in development charge structures and approval timelines. Urban centres with active growth plans can process rezoning applications in 6–18 months; smaller municipalities may be faster. No provincial income or sales tax improves the economics of development in Alberta relative to other provinces.

Other Asset Types in Devon

Canada's Home Commercial covers all commercial asset classes in Devon. Explore the other property types available:

All Devon Properties

Full market overview — all asset classes, submarkets and investment data.

Industrial

Warehouse, bay and flex space for lease; industrial investment for sale.

Retail

Inline space, pad sites and strip centres for lease and sale.

Further Reading → Alberta Commercial Real Estate Cap Rates 2025 → Alberta Has No Provincial Income Tax → Why Investors Are Moving to Alberta

Devon Land — Frequently Asked Questions

How much does industrial land cost in Devon?

Industrial land in Devon is priced at approximately $800K–$1.5M/ac depending on servicing level, zoning, size and highway access. Shovel-ready sites with municipal services command a significant premium.

What commercial land is available in Devon?

Devon offers industrial-zoned land in established parks, commercial highway-exposure lots for retail pad sites, and larger development parcels in the growth corridors. Lot sizes range from under 1 acre to 50+ acres.

What are land development costs in Devon?

Development costs in Devon vary widely by servicing status. Rough land with off-site servicing required is cheapest; fully serviced lots ready for construction carry a significant premium reflecting the time and cost to service.

What zoning types exist in Devon?

Devon land is zoned Industrial (light, medium, heavy), Commercial (highway, community, regional), and Mixed-Use. Agricultural land with rezone potential is also available in AB as cities expand their boundaries.

How do I buy commercial land in Devon?

Contact Canada's Home Commercial via our contact form, or call 780-545-5955. We specialize in commercial and industrial land acquisitions throughout Alberta, with deep knowledge of Devon development opportunities.

Ready to Invest in Devon Land?

Our Alberta advisors know every submarket and every opportunity. Contact us today.

Your local Canada's Home Commercial team: Leduc →