5056 50 Street
Innisfail, Alberta
MLS® A2330005
$410,000
- Status
- Active
- Property type
- Office
- MLS® number
- A2330005
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1967
1 / 5Listing description
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.
9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner.
A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates.
Property summary
- MLS® number
- A2330005
- Property type
- Office
- Building type
- Offices
- Square footage
- 2,357 sq ft
- Land size
- 2649 square feet
- Built in
- 1967
- Annual property taxes
- $467.00
- Days on market
- 43 days
What would this home cost you?
Based on the $410,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Maximum, Red Deer.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.