This good mixed use building is located in the Heart of Old Fort Saskatchewan! Fort Saskatchewan is a rapid growing city with lots of big oil and gas industries around. This building has 2 fully leased commercial bays (with rent increase annually) on the main floor and 6 residential units on the second floor. A corner lot allowing for lots of windows along the front and sides. The second floor has fully rented 3 bachelor suites plus 3 one bedroom suites. Lots of on and off street parking, directly behind the building, across the alley on city property and on street along the side and front of the building. Recent major upgrades: complete roof membrane redone, new heating system and the 2 commercial space improvements. One block to public library and walk to many surrounding restaurants, shops and parks. This is a great investment with good long term tenants and excellent income. This is a good holding property with 6.5% cap rate including management fees or 7.5% cap rate if self manage.
Property Type:
Multi-Family Commercial
Transaction Type:
For Sale
Lease Oper Costs Per Sq M:
$0
Major Bus Type:
Other/See Remarks
Minor Bus Type:
Other/See Remarks
Price Per SqFt:
$188.57
Lot Area:
5,000 sq. ft.465 m2
Lot Frontage:
50'15.2 m
Lot Depth:
100'30.5 m
Stories Total:
2
# of 2 Bedroom Apartments:
0
# of Units:
8
# of Other Units:
2
# of Studio Apartments:
0
# of Bachelor Apartments:
3
Year built:
1963
(Age: 62)
Bathrooms:
-
(Full:-/Half:-)
Plan:
O
Building Type:
Commercial Mix, See Private Remarks
Heating Source:
Natural Gas
Num. of Parcels:
1
Construction:
Block, Brick, Wood Frame
Parking Space(s):
8
Old Fort Saskatchewan
None Known
Private
Seller Rights Reserved:
No
Zone:
Zone 62
Zoning:
Zone 62
Title to Land:
Fee Simple
Legal Lot:
10,11
LINC Number:
0015317464
Days On Website:
17 day(s)17 day(s)
View of building exterior
View of commercial property
View of property
Entrance to property
Hallway featuring a textured ceiling and dark carpet
Hall with a textured ceiling and wainscoting
Community laundry room with light floors and washing machine and clothes dryer
Utility room with electric meter and electric panel
Data last updated on September 29, 2025 at 05:30 PM (UTC).
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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