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.
Essential information
MLS® number
A2330121
Status
Active
Price
$359,900
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
None Known
Building area
1,500 sq ft
Year built
1981
Structure
Mixed Use
Listing brokerage
RE/MAX Grande Prairie
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
C-1 - COM
Community
City
Wembley
Province
AB
Postal code
T0H 3S0
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 Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date.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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17 photos$349,998227 6 Street, Beiseker
