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940 5 Avenue
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Bassano · Business · under $550,000. Alerts only send when there are new or meaningfully updated matching homes.
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Excellent opportunity to own a versatile commercial property in Bassano, Alberta, complete with a fully fenced 0.43 acre yard and a well equipped shop designed for productivity and growth. The main shop features three overhead doors measuring 10, 12, and 14 feet, along with a 16 foot ceiling height and three vehicle hoists, making it ideal for servicing large vehicles and equipment. The front portion of the building offers a welcoming display area, dedicated office space, and two washrooms, creating a functional and professional environment for both staff and customers. An additional covered and heated parking area has been added, providing extra workspace and year round convenience. The current owner operates an automotive repair and vehicle recovery and towing business from this location and is willing to include all equipment and tow trucks with the sale. This allows a new owner to step in and start earning income immediately. With its prime location along the Trans Canada Highway, this property is exceptionally well suited to continue as an automotive repair and towing operation, benefiting from highway exposure and steady demand. There is also excellent potential for expansion and future growth. Whether you are looking to take over an established operation or launch your own commercial venture, this is a rare chance to acquire a fully set up commercial facility in a strategic location. (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
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Insurance estimate
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Commute
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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).
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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 Jan 28, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.