$395,000

Commercial For Sale In Morinville, Alberta

$395,000

Property Information:

Prime Investment Opportunity: High-Exposure Rental Property with Tax Exemption! This beautifully renovated property offers an exceptional investment opportunity in a high-traffic downtown location, perfect for visibility and future growth. Currently generating $2,000/month in rent, the tenant — a long-term non-profit organization — is eager to continue their lease, ensuring a reliable, consistent income. As a non-profit tenant, they benefit from tax exemption, providing potential financial advantages for the savvy investor. The property has been recently updated with fresh paint, a brand-new furnace, and an upgraded electrical distribution board, guaranteeing low maintenance for years to come. With its prime location, renovated condition, and stable cash flow, this is a turnkey investment with tremendous potential. Contact us today to seize this high-return opportunitOther Property Types: Office,Retail,InstitutionalSubject Space Width: 45Ownership Interest: PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Zafar MalikAppointment Phone: 780-243-7653Paragon Listing ID: E4437229 (id:27)

Building Features:

  • Floor Space: 2024 sqft

Property Features:

  • Property Type: Retail
  • Built in: 1940
  • Floor Space (approx): 2024 Square Feet
  • Irregular: Yes
  • Lot Size: 0.00 Square Feet

Courtesy of: Homes & Gardens Real Estate Limited

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.