UNDER APPRAISED VALUE! A 2015- 25,000 Sqft Engineered, STEEL insulated- 100' Wide x 250' Long x 20' Walls, HEATED ARENA/COMMERCIAL BUILDING, conveniently located off PAVED HWY 11, just 32 mins W of RED DEER. 154 ACRES, (120 Acres in Hay) MOUNTAIN VIEW. Attractive Viewing Lounge with 2 Accessible Bthrms. could add Offices, enjoys In-Floor heat.. UPPER MEZZANINE- 34x100ft- Natural Gas for Kitchen & plumbing for 6 Bthrms & 2 Showers, is all ready roughed-in, ready to complete for Conference Rm or Offices. 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. BARN built NEW, JAN 1, 2022- 84x36ft-6 Stalls included with 2 Sunshine doors & 4 Man-doors. There is room for 12 stalls & room to add to the building. It could easily be changed to a SHOP.  Auto-Waterers in stalls, all with individual Shut-off valves, extra wiring for additional lighting, Radiant Heat & HRV system, also enjoying a 14 ft x 84 ft Lean-to and designed to add another Lean-too on S side.SHOP/HAY SHED-80' x 40' x 16 ft  was NEWLY built, AUG 2022.   8 Large STEEL PIPE pens w Auto-waterers. Quarter is fenced & cross-fenced with 2 Pasture fields & 2 Hay Fields.  Upgraded Pedestal Power system for easy & extensive expansion. 120 acres of productive HAY land. 2 Sets of Services are in, ready to BUILD not 1 DREAM HOME but 2 HOMES if you wish!  Note-2 Water wells, 2 Septic systems, Natural gas to Arena, Propane to home & barn. 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!  If SIZE, LOCATION, QUALITY is important to you, this is a must see!  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!