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Investment signal

$649,000

1816 CANYON Street

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Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Creston. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Investment Opportunity !! Creston and Creston Valley !!! - NEWLY Signed Lease with Options to Renew till Dec. 1 , 2040. LEASE is registered on Title . Immediate Return on your Investment . This Commercial Land and Building is situated in a prime location on Canyon Street , which is our Main Street , Hwy. 3 the only way through Creston and also our Business strip . Both vehicular and pedestrian traffic is fantastic , on this busy corner location in downtown Creston. The existing tenant , "" Kal Tire "" , has been doing business from this location for many years . A signed lease is in place for Kal Tire Corporate to remain in the building . What this means to you , is a Secure and Immediate return on your investment from this property ! Triple Net Lease with Tenant even paying Property Taxes , Insurance and M & R . Lease amount to be increased every 5 years . This well maintained Concrete Block Building with Metal Roof is Approx. 6,000 S.F. , the lot size is .41 of an acre. The lot is paved . Zoning on this property is C-1 , General Commercial . SELLER OPEN to OFFERS !!!! . (id:65958)

Subtype: Other
Structure: Other
Community: Creston
Common interest: Freehold
Living area: 0 square feet
Lot size: 0.41 acres
Lot dimensions: 0.41
On market: Jun 27, 2023
Status changed: Apr 27, 2026
Annual tax: $9,065
Photos: 5
MLS#: 2471582
Area: CRESTON

Features and systems

Heating

Forced airOverhead Heaters

Exterior

Concrete Block

Flooring

ConcreteMixed Flooring

Roof

MetalUnknown

Lot

Level lotCorner Site

Community

High Traffic Area

Negative cash flow ~$732/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.77%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,020

Financing

Down payment$129,800

Loan amount$519,200

Mortgage$2,631/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297

Insurance$80

Maintenance$541

CapEx reserve$270

Vacancy loss$163

Estimates 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.

Mortgage estimate

Estimated $2,631/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.