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$ 549,000
Est. payment | /mo
6,340 SqFt
$ 549,000
Est. payment | /mo
6,340 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,340 sqft
Price per Sqft $86
Subdivision Downtown West
MLS Listing ID A2244776
Year Built 1967
Property Sub-Type Business
Property Description
Located at the high-visibility corner of 50th Avenue and 50th Street—Stettler's Main Street—this 6,340 sq. ft. commercial building offers an outstanding investment opportunity. The property is demised into 8 individual tenant spaces,providing diverse income streams and reduced vacancy risk. With a current Net Operating Income of $50,782,this property boasts a strong 8.5% cap rate,making it an attractive option for investors seeking reliable cash flow in a growing community. The building has recently received a facelift,giving it an attractive and refreshed exterior that enhances curb appeal and draws positive attention from both tenants and visitors. In addition to the main and upper level tenant spaces,the basement includes two bathrooms and ample storage,offering added functionality and support for tenant operations. Stettler's Main Street is a thriving hub of activity,lined with cafés,retail shops,and professional offices,contributing to consistent foot traffic and long-term tenant appeal. This central location supports strong local business and makes this property a smart,income-generating asset in one of central Alberta's key service centers.
Location
Province AB
County 0299
Zoning C1
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by RE/MAX 1st Choice Realty
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Shuvolaxmi Dutta
Highly recommend! An absolute pleasure to work with.
We recently purchased our beautiful new home in Calgary with the help of Viren and we couldn’t be happier with the entire experience. From the very beginning, he truly listened to our specific needs, likes, and dislikes. He understood exactly what we were looking for in a family home and didn’t recommend us to see anything that didn’t align with our vision.
He was very respectful of our budget and helped us find excellent options within our range without ever making us feel pressured. He never rushed us — even when we took time to think things through, he was patient and supportive every step of the way.
What really stood out was how he went above and beyond during the final walkthrough. He took care of a few issues that came up and made sure everything was properly addressed before closing. It gave us so much peace of mind.
Most importantly, working with him felt like searching for a home with a close family friend. His warmth, honesty, and genuine care made, what could have been a stressful process, truly enjoyable. We are so grateful for his help in finding our perfect family home and would recommend him to anyone without hesitation!
Thank you again Viren!
Stallone Dias
We recently worked with Viren to purchase a rental property, and the experience was excellent from start to finish.
Buying a home can be stressful, but Viren made the entire process smooth and straightforward. He was knowledgeable, responsive, and always available to answer our questions. We never felt pressured and always felt that he had our best interests in mind.
His guidance throughout the search, negotiations, and closing process was invaluable, and thanks to his hard work, we found the perfect property.
I would highly recommend Viren to anyone looking to buy or sell a home. Thank you for making what could have been a stressful experience such a positive one! - We will definitely be in-touch when we're in the market for another property.
Michael Rand
I am a Alberta certified home inspector for a top home inspection company and have had the pleasure to work with Virin on a few occasions, his professional attitude and knowledge of the space is exceptional and should be a bar set by all realtors to match. It was a pleasure and I look forward to a long professional relationship with him and his company in the future. Thanks for being so professional and prompt with all requests.
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