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319 50 Street
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Edson · Retail · under $325,000. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to 319 50th Street in the heart of Edson. This historic two-storey retail building, constructed in 1912, is one of the original buildings on Main Street and offers excellent exposure to westbound Highway 16. With approximately 3,250 square feet of developed space, the property has been upgraded over the years, most recently in 2014, while still preserving its original character and charm. The main floor consists of 1,600+ square feet and is currently leased to a local print shop. This space features vinyl plank flooring, freshly painted drywall, original wood wainscoting, and two 2-piece bathrooms with ceramic tile flooring, creating a welcoming and functional retail environment. The second floor is leased to a yoga studio and provides approximately 1,600+ square feet of finished space, highlighted by impressive 11.5-foot ceilings, original tin embossed ceiling tiles, plaster crown moldings, and a mix of original hardwood and vinyl plank flooring. This level also includes two 3-piece bathrooms, one with a shower, a partial kitchen, and additional office or retail space, offering versatility for a variety of uses. The building is equipped with updated electrical and plumbing, two forced-air furnaces, an air conditioning unit, and two Bradford 40-gallon natural gas hot water tanks, ensuring comfort and efficiency for tenants. The property currently generates $2,625 per month in gross rental income on month-to-month leases, making it an excellent investment opportunity and a chance to own a well-maintained piece of Edson’s history. (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
12.83%
Cap rate
7.43%
GRM
9.7
Break-even rent
$1,773
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.
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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 Jan 8, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.