For Lease · Specialty

105, 245 Canal Avenue, Strathmore

105, 245 Canal Avenue, Strathmore, AB T1P1C1

$420,000 Monthly

2,000 SF

Asset Class

Specialty

Size

2,000 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$210

Occupancy

83%

Year Built

2022

Lot Size

0.12373737373737374 ac

About this property

Prime commercial opportunity in a highly visible location just off Highway 1. Offered for sale at **$420,000**, this versatile commercial condominium features approximately **2,001 sq. ft. on the main floor plus a 607 sq. ft. mezzanine**, providing over **2,600 sq. ft. of functional space**.The unit is well equipped with a washroom, air conditioning, on-demand hot water, extensive electrical outlets, a high-end stereo system, and an **8-camera security system**. Double rear doors provide convenient access for loading equipment, materials, or inventory.Additional highlights include ample paved parking, affordable condominium fees, and excellent exposure with steady traffic generated by surrounding businesses. A great opportunity for an owner-user or investor looking for a well-located commercial property with flexible space and easy access to Highway 1. Property is also for lease at a base rent of $2,633.33 per month, plus 2026 operating costs of $1,052.54 per month. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$420K
Down payment30% · $126K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-4K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters1,073 SF2031-01
Prairie Coffee Roasters400 SF2031-01
Prairie Coffee Roasters400 SF2031-01

Area demographics

Trade area within 3 miles of the property.

Population

88,520

Households

33,621

Median income

$101,000

Median age

32.4

Daytime population

97,775

5-yr growth

1.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 105, 245 Canal Avenue, Strathmore.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.