The Opportunity

Overview

Excellent investment opportunity with this 4,800 sq ft concrete block commercial building, ideally located just off 50th Avenue and only two blocks from the Highway 22 junction. The property is fully tenanted, generating a net income of approximately $36,735/year. The front unit features a professional layout with a reception area, lounge, showroom, two large offices, a 3-piece bathroom, a spacious shop with two 16’ overhead doors, and an upper mezzanine that’s approximately the size of half the unit’s square footage. The rear unit includes two large shop bays, each with a 16’ overhead door. Both tenants pay $2,100/month plus half the utilities. The building offers solid construction, excellent access, and flexible space suitable for a range of commercial uses. A great turnkey opportunity for investors seeking steady cash flow in a high-visibility, easily accessible location.Other Property Types: IndustrialOwnership Interest: PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Wayne MacKinnonAppointment Phone: 780-621-2121Paragon Listing ID: E4450639 (id:61970)

Investment highlights

01Industrial

Property details

Property type: Industrial
Transaction: For sale
Listing brokerage: Century 21 Hi-Point Realty Ltd
Listing representative: Wayne MacKinnon
Board / association: Edmonton - Commerical

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Financial information

Asking price$359,900

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Location intelligence

5516 53 Avenue
Drayton Valley, Alberta T7A1C5

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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: 29199991
Last supplied (UTC): October 19, 2026
Listing brokerage: Century 21 Hi-Point Realty Ltd
Listing representative: Wayne MacKinnon
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: Century 21 Hi-Point Realty Ltd · Listing representative: Wayne MacKinnon · Board/association: Edmonton - Commerical · Updated (UTC): Oct 19, 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.