Nestled in central Alberta approximately 29 kilometres southwest of Red Deer, this small hamlet sits within Red Deer County and is reached by travelling 4 kilometres north of Highway 54. Despite its modest size, Markerville carries a meaningful place in the cultural history of the region, particularly in connection with Icelandic-Canadian heritage.
The hamlet recorded a population of 38 residents in the 2021 Census of Population, spread across 17 of its 18 total private dwellings. This represented a decline of roughly 15.6% from the 45 people counted in the 2016 census. With a land area of just 0.17 square kilometres, the community had a population density of approximately 223.5 people per square kilometre in 2021. Markerville is perhaps best known as the longtime home of Stephan G. Stephansson, a celebrated figure in modern Icelandic literature. His former residence, Stephansson House, has been preserved as an Alberta Provincial Historic Site, offering visitors a tangible connection to the literary and settlement history of the area.