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428 16 Avenue NE
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Calgary · Business · under $200,000. Alerts only send when there are new or meaningfully updated matching homes.
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Welcome to this well-established retail liquor store, proudly owned and operated by the same owner for over 20 years. Ideally located along the major corridor of 16th Avenue, the store benefits from excellent visibility and exposure to tens of thousands of vehicles passing by each week.This well stocked 2,416 sq. ft. premises is situated within a small neighborhood plaza anchored by sit-down and quick-service restaurants, creating steady foot traffic. The store also offers the convenience of seven dedicated parking stalls for its loyal customer base. Just minutes from Edmonton Trail, the location is surrounded by numerous business types, dense apartment buildings and mature residential neighborhoods, providing a strong and consistent customer base.The lease is attractively priced at $9,000 per month, including operating costs, with three years remaining and an option to renew for an additional five years. This easy-to-manage business is ideal for a dual or family operation, with both in-store retail and an established online platform already in place. There is further growth potential through liquor delivery services.Step into ownership and be your own boss today (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 24, 2026.
Location of this listing. Distances are straight-line.
Key nearby — mosques, halal & Islamic schools
Mosque
5.2 km away
5.6 km away
7.6 km away
7.7 km away
Al Madinah Islamic Centre
9.3 km away
Elementary
Calgary Islamic School – Akram Jomaa Campus
Islamic · K–9
5.2 km away
Calgary Islamic School – Omar Bin Al-Khattab Campus
Islamic · K–9
5.6 km away
6.1 km away
Halal grocery
Amir Halal Meats & Grocery
5.6 km away
Shaheen Grocery, Bakery & Halal Meat
8.0 km away
Distances are straight-line (not drive time). Full neighbourhood intelligence (schools, transit, parks) builds automatically.