About 5102 50 Avenue
14 UNITS + MANAGER'S SUITE - IN SEDGEWICK, ALBERTA ~ 1 hr & 45 min. East from Edmonton and 40 minutes to Camrose. Suite makeup comprises 12 - 1 Bdrms. and 2 - 2 Bdrms. + the 2 Bdrm. Manager's suite (which could be rented out instead). Many recent renovations this year in multiple units incl.; floors, kitchens, bathrooms, toilets, plumbing, and most lighting changed to LED to reduce power costs. Other updates include roof (2016) and windows (2003). Coin-op laundry available, energized parking stalls, detached garage for maintenance equipment & supplies. Boiler is old, but has been well maintained. Public school and playground is right across the street. Many long term tenants with low vacancy. A solid and smart opportunity for an investor looking to easily self manage with fantastic cash flow and a strong CAP rate of 7.7% with the potential to increase.
Features of 5102 50 Avenue
| MLS® # | E4445092 |
|---|---|
| Price | $699,900 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1947 |
| Type | Multi-Family Commercial |
| Status | Active |
Community Information
| Address | 5102 50 Avenue |
|---|---|
| Area | Sedgewick |
| Subdivision | Sedgewick |
| City | Sedgewick |
| County | ALBERTA |
| Province | AB |
| Postal Code | T0B 4C0 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Suite | No |
| Has Basement | No |
Exterior
| Exterior | See Remarks, Wood Frame, Other |
|---|---|
| Roof | Asphalt Shingles |
| Construction | See Remarks, Wood Frame, Other |
Additional Information
| Date Listed | June 30th, 2025 |
|---|---|
| Days on Market | 1 |
| Zoning | Zone 80 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Wendy Hamel Of RE/MAX River City |
|---|