I have a cabin at Lake Isle so know the area quite well. You could consider Alberta Beach. There is a well stocked grocery store there, a bar, some take out places etc. etc. I don't know about places to rent. There is a hotel there though. I would certainly prefer to stay there over Wabamun. However, after saying that, it does have amenities as Pope mentioned. There is also a pretty good coffee shop there.
There are a few other places. Gainford has a hotel on the 16 I believe. There are not too many amenities there though. You can go to Evensburg/Entwistle, which is a little further west, for grub and stuff and perhaps digs too.
Good luck.
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