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425-469 Parsons Rd
Edmonton, AB T6X 1N4
Retail Property For Sale
·
25,197 SF
Investment Highlights
- Leased retail condo with commercial kitchen
- 7.5% cap rate based on current NOI
- Potential for rental rate increases
- Located in Ellerslie Industrial, SW Edmonton
- Zoned EIB for flexible business uses
- Professionally managed investment asset
1 Unit Available
Unit 19
| Unit Size | 618 SF | Cap Rate | 7.50% |
| Condo Use | Retail | NOI | $34,800 CAD |
| Sale Type | Investment |
| Unit Size | 618 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $34,800 CAD |
Description
Positioned in the thriving Ellerslie Industrial district of southwest Edmonton, this fully leased retail condo presents a compelling investment opportunity. Unit #19 at 2976 Ellwood Drive SW features a fixtured main floor bay currently operating as a take-out restaurant, complete with a commercial kitchen setup. The property is part of a well-maintained condo plan and benefits from its strategic location within a high-demand business corridor known for its accessibility and commercial activity.
Built in 2011, the unit spans approximately 618 square feet (592 sq.ft. per condo plan) and is zoned EIB, allowing for a variety of industrial business uses. The current lease generates a net operating income that supports a healthy capitalization rate of 7.5% based on the asking price of $464,000. With potential for rental rate increases, this asset offers both immediate cash flow and long-term upside.
The property is professionally managed with monthly condo fees of $378.07 and annual property taxes of $7,449.76 (2025). Its location provides excellent connectivity to major thoroughfares and is surrounded by a mix of industrial, retail, and service-oriented businesses, enhancing tenant stability and customer traffic.
This is an ideal acquisition for investors seeking a turnkey, income-producing asset in a growing Edmonton submarket.
Sale Notes
Positioned in the thriving Ellerslie Industrial district of southwest Edmonton, this fully leased retail condo presents a compelling investment opportunity. Unit #19 at 2976 Ellwood Drive SW features a fixtured main floor bay currently operating as a take-out restaurant, complete with a commercial kitchen setup. The property is part of a well-maintained condo plan and benefits from its strategic location within a high-demand business corridor known for its accessibility and commercial activity.
Built in 2011, the unit spans approximately 618 square feet (592 sq.ft. per condo plan) and is zoned EIB, allowing for a variety of industrial business uses. The current lease generates a net operating income that supports a healthy capitalization rate of 7.5% based on the asking price of $464,000. With potential for rental rate increases, this asset offers both immediate cash flow and long-term upside.
The property is professionally managed with monthly condo fees of $378.07 and annual property taxes of $7,449.76 (2025). Its location provides excellent connectivity to major thoroughfares and is surrounded by a mix of industrial, retail, and service-oriented businesses, enhancing tenant stability and customer traffic.
This is an ideal acquisition for investors seeking a turnkey, income-producing asset in a growing Edmonton submarket.
Property Facts
| Total Building Size | 25,197 SF | Typical Floor Size | 25,197 SF |
| Property Type | Retail (Condo) | Year Built | 2010 |
| Property Subtype | Storefront | Lot Size | 2.90 AC |
| Building Class | B | Parking Ratio | 2.91/1,000 SF |
| Floors | 1 | ||
| Zoning | EIB - Ellerslie Industrial Business Zone | ||
| Total Building Size | 25,197 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 25,197 SF |
| Year Built | 2010 |
| Lot Size | 2.90 AC |
| Parking Ratio | 2.91/1,000 SF |
| Zoning | EIB - Ellerslie Industrial Business Zone |
Amenities
- Signage
