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6789 52 Avenue
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Beds
—
Baths
—
Sqft
4,491
Year
1978
Type
Industrial
On market
11d
Ideal investment for you to use and enjoy for yourself or, lease one bay or both bays out to maximize the return on this investment. A perfect opportunity to see great potential for a cash on cash return. Net operating income divided by the sale price and you'll be satisfied with future possibilities for a Cap Rate. Zoned I1 in an industrial {business service} district allows for a huge range of Permitted uses and even more options under Discretionary uses. Warehouse storage, sales relating to manufacturing, building signage, Industrial support services, processing, distribution, repair, servicing, and/or rental base for any article, and plenty of out door storage. Bay B currently vacant and has a 18' 10" x 12" front customer area ,Back office 19'x11'8", board room/lunch room 11"9"x 11'6" with Fridge, sink, counter top and 2 pc bath, shop bay itself is 52'x24' with 14' X14' shop door, 24'x18' mezzanine for extra storage or inventory, back compound is fenced. Bay A currently rented to long term tenant. Entrance is 10'X5', front reception and public wait area 12' wide and 23' long, front office is 13'8"x17'8", storage for supplies 8'9"x 8'7", working bay area 30"wide x 55" long, mezzanine 30' x 24' long, bathroom 2 pc is 6"5 x 5'11" . Back compound is open.r. New windows installed on front side of building. Easy location to find, off street parking available. Don't wait for one just like it, that won't happen. New opportunities can be made, new outcomes can be attained or just get more shop for yourself. Immediate possession is possible with subject to the one tenancy. Original owner since the creation of.. (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
-6.91%
Cap rate
3.48%
GRM
16.7
Break-even rent
$3,572
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 7, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Red Deer. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.