Data was last updated 2026-04-02 at 22:05:06 GMT
$675,000

1 & 2 combined, 204 Centre Street N   Sundre, Alberta

MLS®: A2229853
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Motivated seller is offering this well-constructed, fire-resistant cinder brick building comprises approximately 5,334 sq ft of above-grade space and offers a combination of durable construction, functional layout, and future adaptability. The building was originally configured to support two independent commercial units, providing immediate optionality for multi-tenant leasing or strategic reconfiguration.

The asset features two rear receiving doors and rear yard access suitable for deliveries and service, enhancing usability across a range of commercial tenant profiles. The current owner is prepared to lease back all or a portion of the building, offering the opportunity for immediate stabilized income with longer-term upside through leasing optimization or space reconfiguration. An owner-operator may occupy approximately half the premises while generating income from the balance, or secure a full lease-back to anchor returns from day one.

Located on Sundre?s primary commercial corridor, the property benefits from consistent local demand, established surrounding businesses, and seasonal population inflow. This is a low-vacancy risk asset with multiple execution paths, suitable for investors seeking predictable income today with clear value-add opportunities over time.
While the list price is for the building and land with a lease back of 7%+ cap rate, the seller will consider any scenarios or requests, including the sale of the business, etc.  
Private viewings by appointment only. Please do not approach staff.
Motivated seller is offering this well-constructed, fire-resistant cinder brick building comprises approximately 5,334 sq ft of above-grade space and offers a combination of durable construction, functional layout, and future adaptability. The building was originally configured to support two independent commercial units, providing immediate optionality for multi-tenant leasing or strategic reconfiguration. The asset features two rear receiving doors and rear yard access suitable for deliveries and service, enhancing usability across a range of commercial tenant profiles. The current owner is prepared to lease back all or a portion of the building, offering the opportunity for immediate stabilized income with longer-term upside through leasing optimization or space reconfiguration. An owner-operator may occupy approximately half the premises while generating income from the balance, or secure a full lease-back to anchor returns from day one. Located on Sundre?s primary commercial corridor, the property benefits from consistent local demand, established surrounding businesses, and seasonal population inflow. This is a low-vacancy risk asset with multiple execution paths, suitable for investors seeking predictable income today with clear value-add opportunities over time. While the list price is for the building and land with a lease back of 7%+ cap rate, the seller will consider any scenarios or requests, including the sale of the business, etc. Private viewings by appointment only. Please do not approach staff.

Listing Information

Prop. Type:
Retail (Commercial)
Status:
Active
City:
Sundre
Neighbourhood:
NONE
Area:
Mountain View County
Province:
Alberta
MLS® Number:
A2229853
Listing Price:
$675,000

General Information

Year Built:
1961

VIP-Only Information

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This property is listed by First Place Realty and provided here courtesy of Carmelle Smutko. For more information or to schedule a viewing please contact Carmelle Smutko.
Carmelle Smutko
Century 21 Bamber Realty LTD
Phone: 403-863-4536
Mobile Phone: 403-863-4536
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.