Priced Substantially below assessed value. At this price business just makes sense.
This property offers an excellent opportunity for owner-occupiers in the downtown core. It is conveniently located within walking distance to all central amenities and businesses, with three parking stalls situated at the rear of the building. The main floor is leased through to July 2027 and features multiple office spaces, including three private offices, a boardroom (which may serve as a fourth office), a reception area, work room, open workspace, and storage room. Additional amenities include a dedicated furnace, air conditioning, double doors for unloading, and a private washroom.
The second floor contains its own separate entrance and provides two distinct office suites. Each suite features two offices, spacious reception and work areas, and two bathrooms; one suite also includes a kitchenette. The second floor may be leased (MLS # A2285825) in part or in its entirety. This arrangement is ideal for investors who wish to utilize the second floor while earning income from the main floor lease.
Essential information
MLS® number
A2319889
Status
Active
Price
$329,900
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
4,990 sq ft
Lot size
2,888 sq ft
Year built
1978
Structure
Low Rise (2-4 stories)
Listing brokerage
Royal LePage Lifestyles Realty
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
C1
Community
Subdivision
RRRR
City
Red Deer
Province
AB
Postal code
T4N 1S8
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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35 photos$389,9005101 50 Avenue, Red Deer
