5208 49 Ave, Redwater

$499,000

1,264Sq Ft
1976Built
4Days listed

8 photos

About this property

Incredible opportunity to own a long-established, family-operated burger restaurant in the Redwater community for over 35 years. Located approximately 40 minutes northeast of Edmonton on a high-visibility main road, this well-known business includes the real estate and also includes a double-wide mobile home, ideal for an owner-operator, onsite staff accommodation, or potential additional rental income. The fully equipped commercial kitchen is ready for continued operation and includes all the necessary restaurant equipment and assets. The bright dining area retains its classic small-town diner charm, while the large paved parking lot and drive-through capability support both dine-in and takeout business. Recent major improvements include a newer commercial flat roof on the restaurant, a lifetime shingle roof on the mobile home, asphalt parking lot repairs, and a new cooling system installed in 2025. With an established local customer base, multiple potential revenue streams and opportunities for growth through expanded hours, updated marketing or menu enhancements, this turnkey business offers an attractive opportunity for an experienced operator or motivated first-time buyer seeking an established community business with long-term potential.

Essential information

MLS® number: A2343896
Status: Active
Price: $499,000
Property type: Commercial
Type: Mixed Use
Transaction: For Sale
Restrictions: None Known
Building area: 1,264 sq ft
Year built: 1976
Structure: Mixed Use
Listing brokerage: Maxwell Polaris
Source: Pillar 9™ MLS® System

Interior

Included: Mobile Home, Assets and equipment

Exterior and construction

Zoning: C-DWT

Commercial

Business type: Restaurant

Community

City: Redwater
Province: AB
Postal code: T0A 2W0

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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