




2,357 sqft
C$410,000
5056 50 Street, Innisfail Alberta, T4G 1S7
Price per sqftC$173.95
Built in1967
Property size2,357 sqft
Property typeCommercial
Overview
Active
Listed Jul 16, 2026
Updated 6 days ago
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street, with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking), with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied, keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing, removing near-term capital risk for a new owner. A low-maintenance, essential-service tenant hold, priced to reflect current small-town Alberta cap rates.
Additional information
- MLS® ID
- A2330005
Interior Features
- Basement
- No
Exterior Features
- Lot Size
- 0.06 Acres
Courtesy of Century 21 Maximum, Darren Saxby
Listing Contact: 403-392-4110
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Data last updated 2:39 PM UTC, 10/11/2026