5116 50 Street, Provost

About this property

Mixed-Use Commercial Property in Provost, Alberta This older mixed-use commercial property offers a combination of retail, office, and residential space, with some renovations completed over the years. The front area is currently set up as a salon/barber shop or retail space, providing a functional commercial footprint for a small business or service-based tenant. The middle section of the building includes 3 private offices, a sitting area, and a washroom. Two of the offices are currently vacant, which may provide an opportunity for additional rental income if leased. At the rear of the building is a 1-bedroom, 1-bath residential suite with a kitchen, living room, and front/rear access. The suite adds another potential income source or flexible-use area within the property. Updates include a new roof in 2020, flooring updates in 2017, and kitchen and bathroom renovations in the residential suite completed around 2014/2015. Financial Performance — January 1 to June 30, 2026 Based on the information provided, the property has generated the following year-to-date numbers: Gross rental income, 6 months: $8,340.00 Operating expenses, taxes and utilities: $3,986.07 Net operating income, 6 months: $4,353.93 Annualized projected NOI: $8,707.86 Located in Provost, Alberta, this property may be suitable for a buyer looking for an older mixed-use building with existing rental income, completed updates, and the potential to improve revenue through vacant office lease-up.