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$ 209,900
Est. payment | /mo
2,706 SqFt
$ 209,900
Est. payment | /mo
2,706 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,706 sqft
Price per Sqft $77
Subdivision Central Ponoka
MLS Listing ID A2311722
Year Built 1941
Property Sub-Type Office
Property Description
If you are looking for an income-producing commercial property that actually pencils out,5023 51 Avenue in downtown Ponoka delivers.
The east unit is locked in through December 2029 at $1,977 per month. The west unit is leased through April 30,2028 at $952 per month,providing secured income across both bays.
Combined monthly revenue is $2,929. Annual operating expenses - taxes,insurance,utilities,and a maintenance reserve - run approximately $10,853.
The property sits on 51 Avenue,Ponoka's primary commercial corridor,surrounded by reputable,long-standing businesses along a well-maintained and updated streetscape. Street parking is available directly out front,a dedicated public parking lot is a short walk away,and three tenant parking spaces are located at the rear of the building. The building itself is 2,706 sq ft,constructed in 1941.
This property has been in the same family for over 50 years and is offered now as a turnkey investment in one of Ponoka's most established commercial locations.
The east unit is locked in through December 2029 at $1,977 per month. The west unit is leased through April 30,2028 at $952 per month,providing secured income across both bays.
Combined monthly revenue is $2,929. Annual operating expenses - taxes,insurance,utilities,and a maintenance reserve - run approximately $10,853.
The property sits on 51 Avenue,Ponoka's primary commercial corridor,surrounded by reputable,long-standing businesses along a well-maintained and updated streetscape. Street parking is available directly out front,a dedicated public parking lot is a short walk away,and three tenant parking spaces are located at the rear of the building. The building itself is 2,706 sq ft,constructed in 1941.
This property has been in the same family for over 50 years and is offered now as a turnkey investment in one of Ponoka's most established commercial locations.
Location
Province AB
County 0255
Zoning C1
Interior
Fireplace No
Exterior
Total Parking Spaces 3
Garage No
Building
Dwelling Type Office
Others
Restrictions None Known
Listed by Coldwell Banker OnTrack 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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