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201, 13111 156 Street NW
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Fantastic Opportunity to run your own massage Clinic! Well Set up with Reception Area, Client Relaxation Room, 2 treatment rooms, A Bathroom which includs a shower, and a flex room which could double as another treatment Room with Room Divider or left as is as a flex room for staff and Storage. All Decore items will remain. Lots of Parking available for your clients, located in the Ironstone Centre. Easy access to 170 St, 137 Ave, Yellowhead, St Albert Trail and Anthony Henday. This is and asset sale with a lease in place. Fantastic opportunity to operate your own massage clinic in a well-established, fully built-out space. This clinic features a welcoming reception area, a client relaxation room, two private treatment rooms, a bathroom with a shower, and a versatile flex room that can function as an additional treatment room with a divider or remain as staff/storage space. All décor items are included in the sale, offering a seamless turnkey setup. Located in the Ironstone Centre with ample client parking and excellent access to 170 St, 137 Ave, Yellowhead Trail, St. Albert Trail, and Anthony Henday. This is an asset sale with a lease in place—ideal for RMTs, wellness practitioners, or entrepreneurs looking for a ready-to-operate clinic in a high-visibility location. Utilities are included in the Common Costs covered in the Lease. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
229.43%
Cap rate
50.75%
GRM
1.7
Break-even rent
$387
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 23, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.