1 month ago
$410,000
5056 50 Street
Innisfail, Alberta · Downtown Innisfail · T4G1S7
MLS® Number: A2330005
- 2,357Square Feet
Listing Description
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates. (id:65883)
Property Summary
- Property Type
- Office
- Building Type
- Offices
- Square Footage
- 2,357 sqft
- Neighbourhood Name
- Downtown Innisfail
- Built in
- 1967
- Time on Edmonton Real Estate
- 1 month ago
Legal Description
Plan :- 0010248037 Block :- 2 Lot :- 1
Building
Building Features
- Style
- Offices
- Year Built
- 1967
Land
Lot
- Lot Size
- 2649 square feet
- Lot Dimensions
- 2649.00
Zoning
- Zoning
- CB
Tax & HOA
Tax
- Annual Tax
- $467
- Tax Year
- 2026



