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1035-1035 Parsons Road SW
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Fully built-out Korean BBQ restaurant opportunity with real estate included in South Edmonton. Positioned just off Parsons Road and Ellerslie Road in a high-exposure commercial corridor with over 36,000 vehicles per day, with volumes that hold steady throughout the day rather than spiking at rush hour. The 2,600+ sq. ft. space offers approximately 80 seats and the specialized infrastructure that typically takes 12 to 18 months and significant capital to replicate. Features include tabletop BBQ stations, dedicated exhaust and ventilation, a fully equipped commercial kitchen, finished dining room, complete front-of-house, and all chattels included in the sale. The operation will require a rebrand, which is where an experienced operator gains the edge: a fully improved space at a fraction of buildout cost, without the permitting timeline or construction risk of starting fresh. Real estate ownership is included in the sale, giving the buyer control over occupancy cost and ownership of the underlying asset rather than a leasehold interest. (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).
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 1, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.