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53119 Highway 47
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Beds
—
Baths
—
Sqft
23,097
Year
2008
Type
Other
On market
94d
Prime Industrial Investment Opportunity - Commercial Building and 126 acres zoned ID with Highway 16 & Highway 47 frontage, on pavement and just West of Edson. This 2008 built commercial facility sits on an 8.57 acre separately title parcel and offers exceptional functionality with expansion potential. The North portion of the building consists of 3 – 30’ x 80’ drive thru bays with 18’ x 18’ doors (1 with a mechanic’s pit), 30’ x 25’ receiving area, a storage cage and a washroom with a shower and laundry hookups. There’s plenty of office space on two levels (offices, file room, washrooms, conference area, kitchen, open office work area, supply storage area and reception area) heated with forced air and air conditioned. The South portion of the building consists of 3 - 30’ x 80’ bays with 18’ x 18’ doors, one is currently a drive thru bay with a 50’ mechanic’s pit, and the other two bays were constructed to be drive thru should it be required. The shop has a washroom with laundry machines, a foreman’s office, a parts room and access to the upper-level storage room and kitchen/meeting room. The front of the building hosts a spacious furnished office area with 4 offices, an open concept administration area, a lunchroom, storage room, and a washroom. The upper level is a 3-bedroom, 2 bathroom furnished surveillance suite with a large south facing deck that overlooks the yard entrance. The building has 400-amp power (277/480 volt), and each shop has a 220v plug, a compressor with several air line drops, water outlets, floor drains, and overhead radiant heat. Two excellent, long-term tenants currently occupy the building on month-to-month agreements. The yard is hard-packed gravel with ample space to accommodate heavy trucks and equipment. The northwest part of property is currently used for overflow equipment parking. The balance of the property is 118 acres on a separate title and is currently utilized as hay land, is fenced, has a preliminary industrial subdiv ision plan on file and earns pipeline revenue. Alberta Transportation is in the process of constructing a new access road off Highway 47 to service this property and the West Fraser Mill to the south — enhancing accessibility and future growth opportunities. Excellent opportunity for owner-users, investors, or future industrial 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).
Cash on cash
-6.18%
Cap rate
3.63%
GRM
16.7
Break-even rent
$27,377
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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Yellowhead County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.