5 Beds
2 Baths
1,055 SqFt
5 Beds
2 Baths
1,055 SqFt
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,055 sqft
Price per Sqft $426
Subdivision Downtown
MLS® Listing ID A2174816
Style Bungalow
Bedrooms 5
Full Baths 2
Originating Board Fort McMurray
Year Built 1967
Annual Tax Amount $1,911
Tax Year 2024
Lot Size 7,600 Sqft
Acres 0.17
Property Description
Discover an exceptional opportunity with this versatile property, uniquely positioned in a high-traffic, high-visibility downtown location. Zoned for commercial use, this property currently features a residential house with both upstairs and basement suites, along with a double car detached garage. Ideal for entrepreneurial spirits, it offers a flexible setup that allows you to live on-site in the basement while operating your business on the main level, or alternatively, transform the property entirely to suit your vision.
With existing tenants in place, this property generates cash flow from day one, making it a savvy investment while you plan for its future potential. Originally envisioned as part of a larger redevelopment project, individual lots are now available for entrepreneurs to create their own unique business spaces.
The property’s prominent corner location is perfect for a range of service-based businesses—whether a nail salon, barber shop, boutique retail, or other ventures looking to capitalize on the visibility and traffic flow. This is more than just a location; it’s a foundation for building equity and growing your business footprint in a prime area.
Highlights:
• Zoning: Commercial on a residential structure
• Location: High-traffic downtown corner with excellent visibility
• Current Setup: Upstairs and basement suites, double detached garage
• Investment Potential: Immediate cash flow from existing tenants
• Ideal For: Retail, salon, barber shop, service-based businesses
• Future Development: Opportunity to redevelop or remodel to enhance commercial use
Seize this chance to transition from renting to owning, enhance your business presence, and establish lasting assets in a premier downtown location.
Location
Province AB
County Wood Buffalo
Area Fm Se
Zoning SCL1
Direction NE
Rooms
Basement Separate/Exterior Entry, Finished, Full
Interior
Interior Features See Remarks
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Linoleum, Vinyl
Appliance Dishwasher, Refrigerator, Stove(s), Washer/Dryer
Laundry In Basement
Exterior
Garage Concrete Driveway, Parking Pad
Garage Spaces 1.0
Garage Description Concrete Driveway, Parking Pad
Fence Fenced
Community Features Playground, Schools Nearby, Shopping Nearby
Roof Type Asphalt
Porch See Remarks
Parking Type Concrete Driveway, Parking Pad
Total Parking Spaces 6
Building
Lot Description Corner Lot, Standard Shaped Lot
Foundation Poured Concrete
Architectural Style Bungalow
Level or Stories One
Structure Type Other,Wood Frame
Others
Restrictions None Known
Tax ID 91954660
Ownership Private
NEWLY LISTED IN THE CALGARY AREA
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REVIEWS
Justin Newman was wonderful to work with. He helped us through an emotional time as we had to sell our family home that my parents had lived in for over 50 years. His vast experience and knowledge was valuable throughout this process. He walked us through everything and answered all questions in a manner that was easy to understand. He always made himself available and we appreciated his insight. He told us what was needed to sell the home and, when we were ready, listed the home in a wide variety of online venues. The photos and drone views of the home and area were incredible and added to helping to sell our family home quickly. He held open houses in a very short period of time after listing it, and also helped us navigate the multiple offers we received. Our family home sold quickly. We have nothing but positive things to say about the honesty, trustworthiness, and integrity of Justin and would highly recommend him if you are looking to sell or buy a home. We would not hesitate to use his services again.
