About 5116 50 Street
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:6289)
More Info on this Provost Commercial Mix MLS® listing
5116 50 Street is a commercial mix listing for sale in Provost. The MLS® number is A2324688. It was built in 1963 and covers 1,908 square feet. It's currently listed for $89,000. For more details on MLS® A2324688, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This commercial mix listing in Provost is available now!
Selling your Provost Commercial Mix property?
Have a similar home to 5116 50 Street? If you’re thinking about selling your Provost commercial mix property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Provost property.
