1 / 17
Investment signal

$2,000,000

866 NOTRE DAME STREET

Save this home

Beds

Baths

Sqft

6,000

Year

Type

Retail

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Russell. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Excellent commercial retail investment opportunity in the heart of Embrun. The building has three commercial and two residential tenants, a large rear parking lot, and the potential to add more rentals in the upper floor space. Please do not approach the current tenants or employees. You are welcome to view the property from the exterior, but any interior showings must be arranged through the listing agent. (id:65958)

Subtype
Retail
Community
602 - Embrun
Living area
6,000 square feet
Lot dimensions
Bldg=87.81 x 59.4 FT
On market
Jan 20, 2025
Status changed
Apr 24, 2026
Annual tax
$15,940
Zoning
Commercial
Photos
17
MLS#
X11931347
Area
RUSSELL

Features and systems

Parking

Other

Heating

Other

Cooling

Fully air conditioned
Negative cash flow ~$2,104/mo at these assumptions

Cash on cash

-6.31%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,214

Financing

Down payment$400,000
Loan amount$1,600,000
Mortgage$8,107/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$917
Insurance$80
Maintenance$1,667
CapEx reserve$833
Vacancy loss$500

Estimates 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.

Mortgage estimate

Estimated $8,107/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.