For Sale · Specialty

5062 50 Avenue SE, Stavely

5062 50 Avenue SE, Stavely, AB T0L1Z0

$399,900 total

5,460.3 SF

Asset Class

Specialty

Size

5,460.3 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$73

Occupancy

93%

Year Built

1951

About this property

Calling business owners, investors, entrepreneurs who are looking for a VERY AFFORDABLE WORK/LIVE space located in the quaint little town of Stavely, located just one hour south of Calgary and one hour northwest of Lethbridge. You CANNOT FIND ANYTHING IN CALGARY AT THIS PRICE - $399,900 for a mixed use 5400+ sq.ft COMMERCIAL SPACE. WOW!!! The FRONT PORTION of the building offers a huge 2900 sq.ft SHOP with 2 BAYS (bay doors are new), an office, a woodworking room and another huge space that can be used for many projects of yours. There's also a 2 PC bathroom, a compressor/storage room(with a functioning heavy duty compressor, included in the sale) and another storage room. This portion of the building is ideal for a mechanic, woodworking shop, etc. The BACK PART of the building offers residential living quarters(approx 2500 sq.ft) which consists of 3 BEDROOMS/2 FULL BATHROOMS, humongous living room, kitchen and kitchen and dining area. The 5PC ensuite bathroom has been recently upgraded. ***BUILDING ROOF IS ONLY A COUPLE OF YEARS OLD TORCH ON ROOF***There's a new central A/C as well(sitting atop the roof). The whole building is heated by 3 furnaces and 2 heaters. Here is a nice little bonus for you: there's a SEPARATE 532 sq.ft BUILDING on the west side of the property that is currently used as a saddlery business. The building has its own furnace and water tank. It's got 2 rooms and a 2PC that can be easily converted into a 3PC bath. You've got a TON OF PARKING in the RV parking area(6 cars) and plenty of parking at the back(2+4 cars), plus all the inside parking in the bays. Did I mention the storm watching station, two courtyards and a super cool sunroom??? OPPORTUNITIES ARE ABSOLUTELY ENDLESS HERE!!! Say goodbye to crazy Calgary real estate prices and commercial lease rates and say BIG HELLO to this BUSINESS OWNER'S GEM!! You've got to come check it out!!! Located right downtown Stavely, AB, CANADA!!! ****Go big, or go home!!!!!**** (id:66811)

Financial sandbox

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Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$6K

Cash-on-cash

4.98%

DSCR

1.27

Going-in cap

7.03%

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
Vector Robotics5,084 SF2034-02

Area demographics

Trade area within 3 miles of the property.

Population

70,660

Households

31,434

Median income

$72,500

Median age

39

Daytime population

72,079

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 5062 50 Avenue SE, Stavely.

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.