This multi-unit commercial building offers a unique investment opportunity in the heart of Edson’s Central Business District. Sitting on 1.34 acres (58,202 sq ft), the property features a 19,800 sq ft steel frame and metal clad building, divided into 5 rental units. Current tenants include a gym, small spa, a professional office and furniture store, with availability for two additional tenants, providing excellent growth potential and flexibility for future uses.
Built in 1980, the building boasts pile and grade beam construction with concrete floors and a steel frame, ensuring durability and low maintenance.
Additional features include concrete walkways spanning the building front, asphalt paving covering the remaining lot with ample customer parking, and a paved staff parking area at the rear. Ideally located just half a block west of Edson’s Main Street on 1st Avenue, this property offers excellent visibility and accessibility.
This is a fantastic opportunity to secure well-located, income-producing property with strong existing tenants and room for expansion.
Essential information
MLS® number
A2337184
Status
Active
Price
$1,590,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
19,654 sq ft
Lot size
58,370 sq ft
Year built
1980
Structure
Mixed Use
Listing brokerage
CENTURY 21 TWIN REALTY
Source
Pillar 9™ MLS® System
Interior
Heating
Natural Gas
Exterior and construction
Construction
Concrete, Metal Siding
Foundation
Poured Concrete
Zoning
CBD
Services
Utilities
Electricity Connected, Natural Gas Connected, Fiber Optics Available, High Speed Internet Available, Phone Available, Sewer Connected, Water Connected
Sewer
Public Sewer
Water
Public
Community
City
Edson
Province
AB
Postal code
T7E 1S9
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
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41 photos$1,387,5001 31 Durum Drive, Rural Wheatland County
