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5023 3rd Avenue, Edson

$995,000

About this property

This highly visible commercial property offers over 24,000 sq. ft. of flexible space and is currently generating $10,900 per month in rental revenue. The building is configured into multiple rentable units, providing diversified income, with the option to reconfigure into a single large operation if desired. Situated on 12 titled lots, the property offers ample on-site parking for staff and customers, excellent access, and a loading/unloading dock ideal for retail, service, or light commercial users. With strong exposure from Highway 16 in both eastbound and westbound directions, the location supports long-term tenant demand. The building has benefited from several upgrades over the years, including capital improvements completed in 2024, such as a new rooftop A/C and heating unit, fire panel upgrade, and new flooring in select areas, helping reduce near-term capital expenditure for a new owner. Zoned C-2 Service Commercial, this well-maintained asset presents a compelling opportunity for investors seeking stable cash flow, future upside, and flexibility in use within one of Edson’s most accessible commercial corridors.

Essential information

MLS® number
A2283616
Status
Active
Price
$995,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
24,386 sq ft
Lot size
59,320 sq ft
Year built
1974
Structure
Low Rise (2-4 stories)
Listing brokerage
CENTURY 21 TWIN REALTY
Source
Pillar 9™ MLS® System

Exterior and construction

Construction
Concrete
Zoning
C-2 Service Commercial

Services

Utilities
Electricity Connected, Natural Gas Connected, Fiber Optics Available, High Speed Internet Available, Sewer Connected, Water Connected
Sewer
Public Sewer
Water
Public

Community

City
Edson
Province
AB
Postal code
T7E 1X7

Where it is

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Investment calculator

Cap rate, cash flow and the coverage ratio a commercial lender will look at first.

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The purchase

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The building

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MLS® data last updated Nov 8, 2026, 3:30 p.m. (Mountain Time).

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