5116 50 Street,Provost, AB T0B3S0
Provost, AB T0B3S0
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:13843)
Details
| MLS # | A2324688 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Mix |
| Status | Active |
| Year | 1963 |
| Days On Site | 119 |
| Listing Provided By | Royal LePage Wright Choice Realty | Ken Hrubeniuk |
Features
| SQ Feet | 1,908 |
|---|---|
| Zoning | C1 |
| Acreage | 0.07 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas, Other |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Poured Concrete |
|---|
Taxes
| Tax Annual Amount | 1694.44 |
|---|---|
| Tax Block | 7 |
| Tax Lot | 8 |
| Tax Year | 2026 |
Area Information
| Province | AB |
|---|---|
| City | Provost |
| Postal Code | T0B3S0 |
| Community Name | Provost |
| Listing VS Median (in Provost) | |
Price: $89,000 low | high Med: $222,450 sqft: 1,908 low | high Med: 2,922 $ / sqft: $47 low | high Med: $104 On site: 119 low | high Med: 475 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Provost |
| Postal Code | T0B3S0 |
| Community Name | Provost |
| Listing VS Median (in Provost) | |
Price: $89,000 low | high Med: $222,450 sqft: 1,908 low | high Med: 2,922 $ / sqft: $47 low | high Med: $104 On site: 119 low | high Med: 475 | |
