Charming mixed use commercial building with a residential suite above. It sits in the heart of downtown on a bustling, revitalized street. A growing business will benefit from the high-traffic location and extensive upgrades throughout, including new sewer and water lines (2023) after the Town’s street improvements. The sale includes the building with commercial space on the lower level and an upper residential suite. There is a kitchen on each level, and 4 bathrooms! So many opportunities for differnet business options.
The main floor (959.63 sq. ft.) is currently set up as a licensed restaurant specializing in soup, sandwich, and pie; and is not equipped with a deep fryer. it was previously a bookstore. It includes two bathrooms and a kitchen. The upstairs (980.25 sq. ft.) is currently residential and was a successful hair salon for 30 years. It also has two bathrooms and a kitchen. The stylishly renovated studio / 2-bathroom suite above is ideal for living on-site or generating additional rental income. The suite opens to a cozy living area with a deck, raised gardens, and a patio. With an adjustment to window placement, it could function as a 1- or 2-bedroom. The basement measures 739.48 sq. ft.
The property is unique, with a 50 × 120ft. lot offers plenty of space at the back for patio living, several parking spots, or even building a garage.
Substantial upgrades in 2023/2024 include new modern plumbing, electrical, furnace, central air conditioning, flooring, framing, drywall, a fire door, front door, and eavestroughs. The back of the property has been thoughtfully landscaped with fencing, fresh decks, and garden space.
You will love the historical appeal and the potential to access government grants related to provincial opportunities for historic buildings. Located in one of the best locations, this turn-key venture is ready for a new owner to take over and thrive.
Essential information
MLS® number
A2349023
Status
Active
Price
$289,000
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
1,940 sq ft
Year built
1932
Structure
Low Rise (2-4 stories)
Listing brokerage
RE/MAX real estate central alberta
Source
Pillar 9™ MLS® System
Interior
Included
All blinds and window coverings, 2 fridges, stove, deep freezer, 2 microwaves, central air conditioning unit
Exterior and construction
Zoning
C1
Community
Subdivision
3C
City
Ponoka
Province
AB
Postal code
T4J 1R5
Where it is
Loading map…
Approximate location, plotted from the listing’s own coordinates.
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.
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.
SDE—
EBITDA—
Gross profit
—
Pre-tax profit as the books show it
—
Value at that multiple SDE × multiple
—
Asking price as a multiple of SDE
—
Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
—
—
Arithmetic on the numbers you enter — not a valuation, not an appraisal and not financial advice. Real multiples vary enormously by industry, lease terms and how much the business depends on its owner. Have an accountant review the actual books before you rely on any of it. Nothing typed here is sent anywhere or saved.
Tell me when another one comes up
Leave your details and Satyam will let you know as soon as a new listing in businesses for sale in Ponoka reaches the market — often before it is advertised anywhere else.
✓
You are on the list.
You will hear the moment a new listing in businesses for sale comes up.
15 photos$250,0005026 51 Avenue, Ponoka
