6
See all 6 photos
$97,000
Est. payment /mo
1,908 SqFt
New
5116 50 ST Provost, AB T0B3S0
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,908 sqft
Price per Sqft $50
Subdivision Provost
MLS Listing ID A2324688
Year Built 1963
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Mixed Use
Property Description
Mixed-Use Commercial Property in Provost,Alberta
This 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 30,2026
Based on the information provided,the property has generated the following year-to-date numbers:
Gross rental income,6 months: $8,340.00
Operating expenses,taxes and utilities: $3,986.07
Net operating income,6 months: $4,353.93
Annualized projected NOI: $8,707.86
Located 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.
This 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 30,2026
Based on the information provided,the property has generated the following year-to-date numbers:
Gross rental income,6 months: $8,340.00
Operating expenses,taxes and utilities: $3,986.07
Net operating income,6 months: $4,353.93
Annualized projected NOI: $8,707.86
Located 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.
Location
Province AB
Zoning C1
Interior
Heating Floor Furnace, Forced Air, Natural Gas
Cooling Central Air
Inclusions na
Fireplace No
Exterior
Roof Type Metal
Garage No
Building
Dwelling Type Mixed Use
Foundation Poured Concrete
Others
Restrictions None Known
Listed by ROYAL LEPAGE WRIGHT CHOICE REALTY
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION