2 weeks ago
$259,900
4605 50 Street
Spirit River, Alberta · T0H3G0
MLS® Number: A2337357
- 2,400Square Feet
Listing Description
Turnkey Mixed-Use Investment on Main Street, Spirit RiverA rare opportunity to own a leased, income-producing building right on Spirit River's Main Street. This 4,800 sq ft mixed-use property blends stable commercial tenancy with residential upside — ideal for an investor looking for immediate cash flow and room to grow.The main floor is anchored by long-term commercial tenants, including an insurance office and Alberta registries services, Downstairs lease renewed for 3 years in March 1, 2025 . In 2028 they have 2 more 3 year options to extend leaseA top-floor suite is leased to a business tenant on a one-year term, adding further stability to your income stream.Upstairs, two one-bedroom residential suites are available — including an upgraded owner's suite — offering flexibility to owner-occupy, add a resident manager, or lease both units for additional revenue.Recent capital improvements give this building a head start on maintenance costs: new roof, furnaces, hot water tank, exterior paint, and full renovations to apartments 2 and 3. Construction is solid brick with a poured concrete foundation. The numbers work now — the property shows strong positive cash flow at just 65% occupancy. Call your favorite Commercial Realtor® to take a look at this great opportunity! (id:65883)
Property Summary
- Property Type
- Other
- Building Type
- Commercial Mix
- Square Footage
- 2,400 sqft
- Title
- Freehold
- Built in
- 1966
- Time on Edmonton Real Estate
- 2 weeks ago
Legal Description
Plan :- 0015925101 Block :- 1 Lot :- 2
Building
Building Features
- Style
- Commercial Mix
- Construction
- Poured concrete
- Year Built
- 1966
- Building Amenities
- Concrete
Land
Zoning
- Zoning
- commercial
Tax & HOA
Tax
- Annual Tax
- $2,393
- Tax Year
- 2026



