$1,690,000
10701 100 Ave
Morinville · Alberta · T8R1A2
Property photographs
About this property
Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $84,187 in annual revenue, the income is scheduled to increase to $88,187starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.69 million (plus applicable GST), this represents a stabilized cap rate of approximately 5.27%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium Homes (id:65883)
Location
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Property summary
- MLS® number
- 44802240
- Listing status
- Active
- Listing price
- $1,690,000
- Listed on
- 2026-05-01
- Last updated
- 2026-10-29
- Property type
- Retail
- City
- Morinville
- Floor area
- 3899 square feet
- Lot size
- 24829.2 square feet
- Year built
- 2021
- Listing brokerage
- RE/MAX Real Estate
Condo & HOA / association fees
- HOA / association fee
- Not provided in the listing feed
- Payment frequency
- Not provided in the listing feed
- Reported fee includes
- Coverage not provided in the listing feed
Heating & cooling
- Fireplace
- No
Building & parking
- Parking spaces
- 20
Source: MLS® listing via REALTOR.ca DDF®. Listed by RE/MAX Real Estate. Information is believed reliable but should be independently verified. Measurements and availability may change.
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10701 100 Ave · MLS® 44802240
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10701 100 Ave · MLS® 44802240