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5235 51 Ave
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Wabamun · Retail · under $675,000. Alerts only send when there are new or meaningfully updated matching homes.
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Perfect retail or commercial opportunity in the heart of Wabamun offering approximately 4,500 sqft featuring 12’ clear span ceilings. Excellent main street exposure with easy access and great visibility. The approximately 4,500 SQFT space can be subdivided into four 1,125 SQFT bays, creating incredible flexibility for a wide range of business opportunities including retail, restaurant, office, professional services or mixed-use concepts. A fantastic opportunity for an owner-user or investor to customize the space to fit their vision and business needs.The exterior has been fully completed with a modern look and durable finishes, while the interior is ready for the next owner or tenant to design and build out to suit their needs.Features include 600 AMP, 3-phase power, four rooftop units (RTUs) and a makeup air unit on one side, plus an exterior electrical room. A new parking lot (approx. 105’ x 40’) is scheduled for completion starting in June.Positioned in one of Alberta’s popular lakeside communities, Wabamun continues to attract visitors, seasonal traffic and local growth, making this an exciting opportunity for business owners, investors and future development. (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.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.