803 Chaparral Drive SE is a newly constructed ±15,812 square foot single-storey neighbourhood retail property. The plaza is anchored by TD Canada Trust which is located in a ±4,952 square foot building. The property also consists of a ±10,860 square foot CRU building which houses seven tenants.

Chaparral Plaza has a prominent location at the main entrance to the community of Lake Chaparral, on the corner of 194 Avenue SE and Chaparral Drive SE. 194 Street is accessed from MacLeod Trail, just south of Highway 22X, and is one of the main roadways into the community. Lake Chaparral was a planned development that contains approximately 1,445 residences, a 32-acre man-made lake, a 21-acre park, a recreation centre, and facilities for fishing, boating, skating and diving.