About 5116 50 Street
Mixed-Use Commercial Property in Provost, Alberta
This older mixed-use commercial property offers a combination of retail, office, and residential space, with some renovations completed over the years.
The front area is currently set up as a salon/barber shop or retail space, providing a functional commercial footprint for a small business or service-based tenant.
The middle section of the building includes 3 private offices, a sitting area, and a washroom. Two of the offices are currently vacant, which may provide an opportunity for additional rental income if leased.
At the rear of the building is a 1-bedroom, 1-bath residential suite with a kitchen, living room, and front/rear access. The suite adds another potential income source or flexible-use area within the property.
Updates include a new roof in 2020, flooring updates in 2017, and kitchen and bathroom renovations in the residential suite completed around 2014/2015.
Financial Performance — January 1 to June 30, 2026
Based on the information provided, the property has generated the following year-to-date numbers:
Gross rental income, 6 months: $8,340.00
Operating expenses, taxes and utilities: $3,986.07
Net operating income, 6 months: $4,353.93
Annualized projected NOI: $8,707.86
Located in Provost, Alberta, this property may be suitable for a buyer looking for an older mixed-use building with existing rental income, completed updates, and the potential to improve revenue through vacant office lease-up.
