The Opportunity

Overview

Ideally positioned in the heart of downtown Camrose, this exceptional commercial property offers a rare opportunity to secure a prominent presence within one of Alberta’s most active and growing regional centres. The city’s population of approximately 20,000, supported by a regional trading area nearing 100,000, provides a strong and stable foundation for long-term commercial success. The property is mostly vacant and soon to be redevelopment-ready, offering approximately 11,000 square feet of highly versatile space across two expansive levels. The main floor boasts impressive 14-foot ceilings, creating an open and commanding environment ideal for premium retail, hospitality, or professional use, while the lower level features 10-foot ceilings, providing substantial additional flexibility for commercial, office, or support functions. Significant capital upgrades enhance the building’s functionality, including two rooftop HVAC units, central air conditioning, and a modernized electrical system with 3-phase power and 200-amp service—allowing for a broad range of commercial applications with minimal additional investment. This asset is exceptionally well suited for a variety of uses, including—but not limited to—restaurant or lounge concepts, fitness or martial arts studios, spa and wellness centres, professional offices (accounting, legal, medical, or therapy), educational or training facilities, community or institutional use, food services, or multi-tenant commercial redevelopment. Further enhancing its appeal, the property is located on a street experiencing significant new development within the downtown core, underscoring the area’s ongoing revitalization and growth momentum. Offered significantly below appraised value, this property combines a prime downtown location, robust infrastructure, and outstanding adaptability—presenting a compelling investment opportunity for discerning investors, entrepreneurs, and organizations seeking long-term value in one of Alberta’s key regional hubs. (id:61970)

Investment highlights

01Retail

Property details

Property type: Retail
Transaction: For sale
Site area: 6,011.28 square feet
Listing brokerage: Royal Lepage Rose Country Realty
Listing representative: Victoria Sellin
Board / association: Edmonton - Commerical

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Financial information

Asking price$695,000

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Location intelligence

5017 51 Street
Camrose, Alberta T4V1N5

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Documents

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From interest to a decision

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 29316087
Last supplied (UTC): October 22, 2026
Listing brokerage: Royal Lepage Rose Country Realty
Listing representative: Victoria Sellin
Board / association: Edmonton - Commerical

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: Royal Lepage Rose Country Realty · Listing representative: Victoria Sellin · Board/association: Edmonton - Commerical · Updated (UTC): Oct 22, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.