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505 Centre STREET
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Shaunavon · Business · under $200,000. Alerts only send when there are new or meaningfully updated matching homes.
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Positioned on a high-visibility corner lot along Shaunavon’s main street, this unique property is currently zoned for both residential and commercial use, offering exceptional flexibility for a wide variety of opportunities. Previously operated as a physiotherapy clinic, the property is well suited for wellness services, professional offices, boutique retail, spa services, counselling space, tea room concepts, and more. Whether you are looking to continue operating a business, create a live/work setup, or invest in additional rental income, the possibilities here are extensive. The bright and welcoming main floor features a charming front porch entry leading into a spacious reception or waiting area filled with natural light. The open layout flows into the kitchen space and offers a flexible setup with three potential offices, treatment rooms, or meeting spaces. A 4-piece bathroom, main floor laundry, and convenient back porch entry add functionality for either commercial or residential use. The fully furnished basement suite provides excellent additional revenue potential or the perfect owner-occupied living quarters. The suite features a spacious bonus room near the entrance ideal for an office, exercise area, or studio space, along with an open concept kitchen, dining, and living area, one bedroom, and a 4-piece bathroom. Adding even more value is the detached double garage built in 2018, complete with its own electrical panel and 220V service, creating endless possibilities for workshop space, storage rental, business operations, or hobby use. An attached single garage adds additional storage and convenience. Wheelchair accessibility and prime exposure make this a rare opportunity with endless possibilities in the heart of Shaunavon. (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
40.86%
Cap rate
13.04%
GRM
6.1
Break-even rent
$1,146
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.
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 3, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.