Property Details

Featured in:

Winners:

Featured in:

Winners:

1 & 2 combined, 204 Centre Street N
Sundre (A2229853)

$675,000
5,335 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Motivated seller is offering this well-constructed, fire-resistant cinder brick building comprises approximately 5,334 sq ft of above-grade space and offers a combination of durable construction, functional layout, and future adaptability. The building was originally configured to support two independent commercial units, providing immediate optionality for multi-tenant leasing or strategic reconfiguration. The asset features two rear receiving doors and rear yard access suitable for deliveries and service, enhancing usability across a range of commercial tenant profiles. The current owner is prepared to lease back all or a portion of the building, offering the opportunity for immediate stabilized income with longer-term upside through leasing optimization or space reconfiguration. An owner-operator may occupy approximately half the premises while generating income from the balance, or secure a full lease-back to anchor returns from day one. Located on Sundre’s primary commercial corridor, the property benefits from consistent local demand, established surrounding businesses, and seasonal population inflow. This is a low-vacancy risk asset with multiple execution paths, suitable for investors seeking predictable income today with clear value-add opportunities over time. While the list price is for the building and land with a lease back of 7%+ cap rate, the seller will consider any scenarios or requests, including the sale of the business, etc. Private viewings by appointment only. Please do not approach staff.

Property details

Basic Info

MLS® #
A2229853
Property Type:
Commercial
Subtype:
Retail
Subdivision:
NONE
Price
$675,000
Sale/Lease:
For Sale
Size:
5,335 sq.ft.
Year Built:
1961 (65 years old)

Building Info

Structure Type:
Retail
Garage:
No
Fence:
Basement:
No
Inclusions:
Negotiable

Lot / Land Info

Lot Size:
0.22 acres
Lot Features:
Back Lane, Low Maintenance Landscape, Private
Water:
Public
Utilities:
Cable Available, Sewer Available, Water Available
Zoning:
C-1

Materials & Systems

Roof:
Other
Exterior:
Brick,Concrete,See Remarks,Stucco
Floors:
Concrete

Listing Info

Possession:
Negotiable
Days on Market:
272
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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