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Reduced $50,900 (7%) from $749,900
5302 50 Avenue
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Beds
—
Baths
—
Sqft
6,365
Year
2015
Type
Other
On market
132d
Prime location close to the downtown core with high visibility on Highway 2. Over 6,000 sq ft of flexible space, this structure was developed to accommodate any type of business. Whether you require maximum open space for large projects, warehouse storage, studio style or separated office space, this building can deliver. Already separated into 3 units, if you require more space the upper and lower units could easily be combined for separate work and office space. Unit A - 2128 sq ft, is already occupied by an established long term tenant, providing stable income. Unit B – 1870 sq ft, ground level, has a finished front office space, back work area is mainly open with kitchen, 2 private bathrooms and utility. Unit C – 1967 sq ft, upper level, is a wide open, versatile space with a wall of windows facing the Athabasca River, creating a pleasant environment full of natural light. Private bathroom and utility. Could easily be sectioned into closed stations for privacy. With the prime highway frontage, the second level has an advantage of reduced road noise, and private balcony that’s only accessible from inside the unit. Large overhead doors on the ground level units provide easy access for vehicles or deliveries, or if not required still offer tons of natural light. Units A and C have central air conditioning. Raise the bar, this exceptional building will attract clients, and keep them wanting to come back. Seller is motivated and will consider trades for land or residential real estate. (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).
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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Athabasca. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.