Investment signal

$239,500

518 2 Avenue

Beds

—

Baths

—

Sqft

1,530

Year

1980

Location

See the block, not just the house.

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About this home

ATTENTION INVESTORS - Looking for a commercial investment opportunity in a well-maintained building with good tenants? Look no further than this! The building has three 500 sq foot bays which are currently leased by two tenants, one with a 500’ bay and the other with two 500’ bays, with leases that last until mid 2027 and 2028, respectively. Property also features low maintenance cinderblock construction with metal siding and recent roof replacement. Don’t miss this chance to earn an estimated Cap Rate of 6%. Contact your commercial Realtor® or the listing agent today to learn more about this opportunity. (id:65958)

Subtype: Other
Structure: Commercial Mix
Common interest: Freehold
Living area: 1,530 square feet
Lot dimensions: 48' 35" by 47' 39" by 44' 45" by 48' 54"
On market: Apr 15, 2026
Status changed: Apr 15, 2026
Annual tax: $2,935.86 (2025)
Zoning: C1
Photos: 1
MLS#: A2279530
Area: BASSANO

Features and systems

Heating

Natural gasCentral heating

Cooling

Central air conditioning

Exterior

ConcreteMetal

Construction

Poured concrete

Positive cash flow ~$615/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

15.42%

Cap rate

8.97%

GRM

8.3

Break-even rent

$1,752

Financing

Down payment$47,900

Loan amount$191,600

Mortgage$1,175/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$110

Insurance$80

Maintenance$200

CapEx reserve$100

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $1,175/mo at 5.49% with 20% down, 25-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 15, 2026.