Emma Lake, Saskatchewan — Highway Submarket
Hwy 264 / Cowan Drive Commercial Emma Lake
Fuel, QSR, agri-supply and Prince Albert corridor commercial on the gateway route to Emma Lake resort.
$10–17Net Rent /sf
7.0–9.0%Cap Rate
6–12%Vacancy
Prince AlbertCorridor Gateway
Submarket Nodes
Hwy 264 Commercial — Key Areas
Fuel, QSR & Convenience
Highway Commercial
Fuel, quick-service restaurants and convenience retail on Hwy 264/Cowan Drive serving cottage-bound travellers and the local rural and resort community.
$11–17Net Rent /sf
7.0–8.5%Cap Rate
6–12%Vacancy
Agri-Supply & Rural Retail
Agri / Rural Commercial
Farm supply, seed, hardware and rural retail serving the agricultural community surrounding Emma Lake and the corridor back to Prince Albert.
$10–15Net Rent /sf
7.5–9.0%Cap Rate
6–10%Vacancy
PA Corridor Mixed Commercial
Corridor Commercial
Mixed commercial node on the Prince Albert–Emma Lake corridor serving regional distribution, building supply and services for both the resort and rural communities.
$10–15Net Rent /sf
7.5–9.0%Cap Rate
6–12%Vacancy
$10–17
Net Rent /sf
7.0–9.0%
Cap Rate Range
6–12%
Vacancy
~40 km
To Prince Albert
Hwy 264 Commercial — Market Overview 2025
Hwy 264 and Cowan Drive form the commercial spine connecting Emma Lake to Prince Albert, carrying cottage-bound and rural traffic year-round. Fuel, QSR and convenience operators serve both resort-destined visitors and the surrounding agricultural community.
Low land costs relative to Prince Albert and growing resort traffic support stable highway commercial tenancy. Building supply and agri-supply businesses serve both the active cottage construction market and the surrounding grain and mixed-farming trade area.
| Property Type | Lease Rate | Cap Rate | Vacancy |
|---|---|---|---|
| Fuel / Convenience | $11–17/sf net | 7.0–8.5% | 6–12% |
| QSR Pad | $11–17/sf net | 7.0–8.5% | 6–12% |
| Agri-Supply / Rural Retail | $10–15/sf net | 7.5–9.0% | 6–10% |
| Corridor Mixed Commercial | $10–15/sf net | 7.5–9.0% | 6–12% |
FAQ
Frequently Asked Questions — Hwy 264 Commercial
What commercial uses are on Hwy 264 at Emma Lake?
Fuel, QSR, convenience, agri-supply and corridor mixed commercial serving cottage-bound travellers and the Prince Albert regional corridor.
How does Emma Lake resort traffic affect Hwy 264 commercial?
Summer resort and cottage traffic boosts fuel, QSR and convenience revenues significantly, while year-round agri and rural traffic provides a stable base.
What are cap rates on Hwy 264 near Emma Lake?
Cap rates range from 7.0–9.0% on the Hwy 264 commercial corridor.
Is building supply in demand near Emma Lake?
Yes. Active cottage construction and renovation at Emma Lake drives building supply and hardware demand on the access corridor.
How far is Emma Lake from Prince Albert?
Emma Lake is approximately 40 km north of Prince Albert, making it one of the closest major resort communities to a Saskatchewan regional centre.
Explore Hwy 264 Commercial Listings
Fuel, QSR, agri-supply or corridor investment — our team covers Emma Lake and all Saskatchewan highway commercial markets.