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8, 5445 Highway 584
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Beds
—
Baths
—
Sqft
13,646
Year
2020
Type
Industrial
On market
0d
A rare opportunity to acquire a fully leased industrial investment property in the heart of Sundre's industrial district. Situated on over 4 acres and offering more than 13,000 square feet of rentable space, this unique property features five separate units including three industrial bays, one standalone industrial bay, and a state-of-the-art cannabis cultivation facility.All five spaces are fully rented to established tenants, providing immediate income and strong holding value. The expansive site offers substantial yard space with ample room for equipment storage, outdoor operations, or future building expansion.The standout feature of the property is the purpose-built cultivation facility, designed with flexibility in mind. The facility includes seven separate climate-controlled growing rooms, two drying rooms, office space, a kitchen, two washrooms, a shipping room, and additional storage areas. Whether continuing as a cannabis operation, adapting for horticultural production, or converting to industrial use, the possibilities are extensive. The seller is open to subdividing the cannabis facility (pending approvals) and selling separately. This property presents an exceptional opportunity for investors seeking stable cash flow, industrial owner-operators looking to secure a strategic asset, cannabis cultivators seeking a turnkey facility, or horticultural businesses requiring specialized infrastructure.Located just over an hour from Calgary, Sundre continues to experience growth while maintaining its reputation as a thriving business community and service hub for central Alberta. Opportunities to acquire a diversified, income-producing industrial property of this scale and versatility are exceptionally rare. Please visit the video to see the facility in more detail. (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
-6.26%
Cap rate
3.61%
GRM
16.7
Break-even rent
$15,247
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 11, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Exact location of this listing.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Rural Mountain View County. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.