5056 50 Street

Innisfail, AB

2,357
Sq Ft: Commercial
Type

Built 1967 · 2649 sqft

$75,000 above the Innisfail Area benchmark of $335,000

About This Home

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:67953)

Property Details

MLS® Number: A2330005
Lot: 2649 sqft
Year Built: 1967
Days On Market: 119

From Above

For Families

Schools Near This Home

Innisfail High School
Ecole John Wilson Elementary

These are the schools serving Innisfail. Catchments shift now and then, so it's worth a quick check with the school division for this exact address.

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Tour this home with a local licensed partner agent who can represent you as a buyer.

Showing requests are sent to a Corridor partner agent for this area, who may not be the listing agent. Corridor Real Estate is not a brokerage.

True Monthly Cost

What this home really costs each month, not just the mortgage. Good news: Alberta has no land transfer tax.

Mortgage Payment: $1,795
Property Tax (Est.): $307
Heat, Power & Water (Est.): $362
Estimated All-In: $2,464/mo

Based on 20% down over 25 years. Your lender can give you exact numbers.

Canadian Mortgage Estimate

Estimated payment

$2,082 / month

Home price$410,000

Down payment (10%)$41,000

Interest rate4.39%

Amortization25 years

Mortgage principal: $380,439
CMHC insurance (3.1%): $11,439
Total interest: $244,289
Minimum down: $20,500

Semi-annual compounding, per Canadian convention. Estimates only — confirm with a licensed mortgage professional.

Listing Courtesy Of

Century 21 Maximum

Darren Saxby

MLS® A2330005 · 119 Days On Market

Listing information is provided by the listing brokerage and is deemed reliable but not guaranteed. Corridor Real Estate is not the listing brokerage. Listing data on this site is provided through CREA's DDF® by Cooper Jones, REALTOR®, Coldwell Banker OnTrack Realty, a member of The Canadian Real Estate Association, who is responsible for this website's listing content. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. REALTOR.ca Canada Inc. reproduces and distributes this information as a service for its members and neither CREA nor REALTOR.ca Canada Inc. assumes responsibility for its accuracy. REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Terms Of Use

$410,000

Est. $1,795/mo

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