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5614 2 Avenue
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Great Investment Opportunity with Prime Highway Exposure!Position your business for success with this versatile 14,000 sq. ft. C-3 Highway Commercial property offering exceptional visibility and convenient access directly off Highway 16, while remaining within walking distance to Edson’s business district. The building welcomes clients with a professional front entrance leading into a bright reception, office, or retail display area—ideal for showcasing products and services. The main level also features two dedicated pet grooming rooms that can easily be adapted into private offices, treatment rooms, or flexible workspace to suit a variety of commercial uses, along with freezer storage space and a 4-piece bathroom.The fully developed lower level expands the possibilities with space well suited for additional treatment rooms, office use, staff accommodations, or a surveillance suite. This level also includes a second bathroom, laundry area. kitchenette, and additional storage.This property has seen numerous upgrades including newer windows, hot water tank (2023), upgraded 100-amp electrical service with added 30-amp RV plug (2022), roof shingles, fascia and eavestroughs (2014). Additional features include hot and cold exterior water service, over 60 yards of gravel added to the yard, ample parking for vehicles, trailers, or equipment, and a fabric Quonset providing valuable covered storage.Offering flexible commercial space, extensive improvements, and outstanding highway exposure, this property presents an excellent opportunity for investors or business owners looking to establish or expand their operations. (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
14.50%
Cap rate
7.76%
GRM
9.3
Break-even rent
$1,716
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 15, 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.