1 month ago
$89,000
5116 50 Street
Provost, Alberta · Provost · T0B3S0
MLS® Number: A2324688
- 1,908Square Feet
Listing Description
Mixed-Use Commercial Property in Provost, AlbertaThis 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, 2026Based on the information provided, the property has generated the following year-to-date numbers:Gross rental income, 6 months: $8,340.00Operating expenses, taxes and utilities: $3,986.07Net operating income, 6 months: $4,353.93Annualized projected NOI: $8,707.86Located 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. (id:65883)
Property Summary
- Property Type
- Other
- Building Type
- Commercial Mix
- Square Footage
- 1,908 sqft
- Neighbourhood Name
- Provost
- Built in
- 1963
- Time on Edmonton Real Estate
- 1 month ago
Legal Description
Plan :- 0021211925 Block :- 7 Lot :- 8
Building
Building Features
- Style
- Commercial Mix
- Foundation
- Poured Concrete
- Year Built
- 1963
Heating & Cooling
- Heating Type
- Forced air, Natural gas, Other
- Cooling
- Central air conditioning
Land
Lot
- Lot Size
- 2875 square feet
- Lot Dimensions
- 2875.00
- Frontage
- 7.62 meters
Zoning
- Zoning
- C1
Tax & HOA
Tax
- Annual Tax
- $1,694
- Tax Year
- 2026



