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5036 50 Street
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Beds
—
Baths
—
Sqft
4,213
Year
1946
Type
Business
On market
259d
This is an excellent opportunity to own a well-maintained, income-producing commercial property in the heart of Main Street Innisfail. Offering 4,213 sq. ft. on the main floor plus an additional 3,450 sq. ft. of commercial space on the lower level, this property combines location, functionality, and long-term potential. Customers and tenants enjoy convenient parking along Main Street and access to a large parking lot at the back, along with a rear loading door for deliveries. The main floor is currently configured into multiple small office space and business space rentals, while the basement features a dance studio, providing steady rental income. Additional space in the building remains available to lease, both on the main floor and lower level, presenting an opportunity to further increase cash flow. Many upgrades have been completed in the past decade, including updated plumbing to PEX, three furnaces (providing both air and heat), and a 2014 hot water tank. The property also features a durable torch-on roof installed in 1999 by Integrated Roof Services, and updated front windows and doors completed approximately 10 years ago. With its prime Main Street location, strong income potential, and extensive recent upgrades, this property offers an outstanding opportunity for an investor or business owner looking to secure a long-term commercial holding in a growing community! (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
-6.73%
Cap rate
3.52%
GRM
16.7
Break-even rent
$4,481
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 May 15, 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 Innisfail. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.