9920 100 Street
Wembley, Alberta
MLS® A2330121
$359,900
- Status
- Active
- Property type
- Retail
- MLS® number
- A2330121
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1981
1 / 10Listing description
AMAZING INVESTMENT OPPORTUNITY! Here's your chance to own a well-maintained commercial building with a proven, long-term government tenant. Located in the heart of Wembley, this solid concrete block building has been home to Canada Post since it was constructed in 1981, providing exceptional stability and reliability for investors.
The current lease is in place until May 31, 2029, generating $29,000 per year + GST, with renewal options available, offering an attractive 7%+ cap rate. This is a true turnkey investment with a strong, established tenant and consistent income. The property has been well cared for, with the furnace replaced over the years, features wheelchair accessibility, and offers ample rear parking for staff and customers.
If you're looking for a low-maintenance commercial investment backed by a long-standing national tenant, this property deserves your attention.
Property summary
- MLS® number
- A2330121
- Property type
- Retail
- Building type
- Retail
- Size
- 1,500 sq ft
- Built in
- 1981
- Annual property taxes
- $5,569.00
- Days on market
- 79 days
What would this home cost you?
Based on the $359,900 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 RE/MAX Grande Prairie, Grande Prairie.
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.