Real estate on your terms®
$410,000
active
5056 50 Street
Innisfail
,
AB
T4G1S7
Key Details
- MLS® Number:
- A2330005
- Community:
- Downtown Innisfail
- Building Type:
- Offices
- Interior Size:
- 2357 square feet
- Lot Size:
- 2649.0 square feet
Property Description
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:53430)
Building
- Property Type:
- Offices
- Building Type:
- Offices
- Year Built:
- 1967
Finished Areas
- Interior Size (Total):
- 2357 square feet
- Above Grade:
- 2357 square feet
Lot / Land
- Lot Size:
- 2649.0 square feet
Fees & Dates
- Property Taxes:
- $467
- Tax Year:
- 2026
- Last Modified:
- 07/16/2026 08:40:04 PM
- Status Change:
- 07/16/2026 08:31:29 PM
Location
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