Property for sale in Spirit River, Alberta. Listed at $259,900.
2400 sq ft · Built in 1966
MLS® 30156543
Turnkey Mixed-Use Investment on Main Street, Spirit RiverA rare opportunity to own a leased, income-producing building right on Spirit River's Main Street. This 4,800 sq ft mixed-use property blends stable commercial tenancy with residential upside — ideal for an investor looking for immediate cash flow and room to grow.The main floor is anchored by long-term commercial tenants, including an insurance office and Alberta registries services, Downstairs lease renewed for 3 years in March 1, 2025 . In 2028 they have 2 more 3 year options to extend leaseA top-floor suite is leased to a business tenant on a one-year term, adding further stability to your income stream.Upstairs, two one-bedroom residential suites are available — including an upgraded owner's suite — offering flexibility to owner-occupy, add a resident manager, or lease both units for additional revenue.Recent capital improvements give this building a head start on maintenance costs: new roof, furnaces, hot water tank, exterior paint, and full renovations to apartments 2 and 3. Construction is solid brick with a poured concrete foundation. The numbers work now — the property shows strong positive cash flow at just 65% occupancy. Call your favorite Commercial Realtor® to take a look at this great opportunity! (id:27495)
Listing courtesy of eXp Realty · Luana McDonald
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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