• $450,000
  • 5 Beds
  • 2 Baths
  • 1,055 square feet

Property Description

Prime Downtown Multi-Use Commercial PropertyDiscover an exceptional opportunity with this versatile property, uniquely positioned in a high-traffic, high-visibility downtown location. Zoned for commercial use, this property currently features a residential house with both upstairs and basement suites, along with a double car detached garage. Ideal for entrepreneurial spirits, it offers a flexible setup that allows you to live on-site in the basement while operating your business on the main level, or alternatively, transform the property entirely to suit your vision.With existing tenants in place, this property generates cash flow from day one, making it a savvy investment while you plan for its future potential. Originally envisioned as part of a larger redevelopment project, individual lots are now available for entrepreneurs to create their own unique business spaces.The property’s prominent corner location is perfect for a range of service-based businesses—whether a nail salon, barber shop, boutique retail, or other ventures looking to capitalize on the visibility and traffic flow. This is more than just a location; it’s a foundation for building equity and growing your business footprint in a prime area.Highlights:•Zoning: Commercial on a residential structure•Location: High-traffic downtown corner with excellent visibility•Current Setup: Upstairs and basement suites, double detached garage•Investment Potential: Immediate cash flow from existing tenants•Ideal For: Retail, salon, barber shop, service-based businesses•Future Development: Opportunity to redevelop or remodel to enhance commercial useSeize this chance to transition from renting to owning, enhance your business presence, and establish lasting assets in a premier downtown location. (id:58666)

Property Details

Full Address:
101 Fraser Avenue, Fort McMurray, Alberta
Price:
$ 450,000
MLS Number:
A2174816
List Date:
November 14th, 2024
Neighbourhood:
Downtown
Lot Size:
7600.22 sq.ft.
Year Built:
1967
Taxes:
$ 1,911
Listing Tax Year:
2024

Interior Features

Bedrooms:
5
Bathrooms:
2
Appliances:
Refrigerator, Dishwasher, Stove, Washer & Dryer
Flooring:
Linoleum, Vinyl
Air Conditioning:
Central air conditioning
Heating:
Forced air, Natural gas
Basement:
Finished, Full, Separate entrance

Building Features

Architectural Style:
Bungalow
Storeys:
1
Foundation:
Poured Concrete
Garage:
Parking Pad, Concrete
Garage Spaces:
6
Ownership Type:
Freehold
Legal Description:
1
Taxes:
$ 1,911

Floors

Finished Area:
1055.49 sq.ft.
Main Floor:
1055.49 sq.ft.

Land

Lot Size:
7600.22 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Location

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