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4908 51 Avenue
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Beds
—
Baths
—
Sqft
1,190
Year
2017
Type
Business
On market
399d
Turnkey Commercial Building in Prime Whitecourt Location.Fully renovated with an effective age of 2017, this 1,190 sq. ft. commercial property is ideally located on one of Whitecourt’s main streets, offering high visibility and easy access. Zoned for business or retail use, the building features two self-contained units—perfect for running multiple businesses or generating rental income.The main floor includes four spacious rooms, a 2-piece bathroom with laundry hookups, a staff kitchen with an Italian tile backsplash, and durable tile flooring throughout. The welcoming entryway features garden doors and the original chimney, preserved to add unique character. Central air conditioning, excellent natural light, and plenty of storage complete this stylish and functional space.The fully finished basement suite includes two rooms, a kitchen, a 2-piece bathroom, and a large meeting or common area. It’s finished with vinyl plank adhesive dry core commercial-grade flooring for durability and easy maintenance. The utility room also features a backup preventer system.Additional features include:wheelchair-accessible ramp,large parking lot at the rear,storage shed,back alley access,located next to a park.Tastefully updated and move-in ready, this property offers an exceptional opportunity in the heart of Whitecourt for business owners or investors alike. Renovations include: Shingles (2015), front foyer addition, side addition, rear addition (entry to Unit B) & composite decking (2017), new wall insulation, new doors, CAT 6 wiring, lights and electrical upgraded, flooring throughout, newer framing (2x6), new drywall, new trim & plumbing (2017). Also in 2017: Exterior - Hardy Board siding, exterior windows, rear deck and ramp, gas line meter upgraded, shingles on additions, AC, ducting, HWT, nat. gas furnace and sewer back up preventer, stamped concrete and pavement. In 2018: Basement unit: drywall and T&G wood, plumbing, flooring and drycore, electrical, insulation, framing (2x6), doors, lighting, CAT 6 wiring, refurbished cabinets, ceiling (insulated and T&G wood). (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
-1.43%
Cap rate
4.58%
GRM
13.9
Break-even rent
$2,813
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 9, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Whitecourt. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.