4727  50 Ave - Photo 1 of 1, Legal, Alberta
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$435,000

4727 50 Ave — Legal, Alberta

T0G0B1

MaxWell Polaris
3,853Sq Ft
8,538Lot Sq Ft

About This Property

Well-positioned mixed-use commercial investment property in the heart of the Town of Legal, Alberta, located along 50 Avenue with strong main-street exposure approximately 45 minutes north of Edmonton. The two-storey wood-frame building (approx. 3,853 sq ft) sits on an approx. 8,560 sq ft lot with approx. 57 ft of frontage and offers a stable, diversified income mix across five tenancies — including an anchor restaurant tenant on a multi-year net lease secured by personal guarantees, two additional main-floor commercial spaces, and two upper-floor two-bedroom residential suites. The building benefits from recent capital improvements, including a high-efficiency IBC condensing boiler (2020) and Bradford & White domestic hot water tank (2018) serving a zoned hydronic radiant baseboard heating system throughout. Additional features include 200-amp main electrical service, municipal water and sewer servicing, copper water distribution, brick veneer and vinyl exterior cladding, and on-site surface parking. Suited to investors seeking a turn-key, fully tenanted asset in a stable rural Alberta community within commuting distance of the Edmonton Metropolitan Region. Property offered on an as-is, where-is basis. Rent roll, lease copies, recent third-party commercial property inspection reports, and financial information available to qualified buyers and their representatives upon execution of a Non-Disclosure Agreement. Buyer is required to conduct independent due diligence. All measurements and information approximate and to be verified by the buyer. (id:63357)

MaxWell Polaris

Property Location

Map

Property Details

Property Type
Commercial
Living Area
3,853 sqft
Status
Active

Location & Neighborhood

What's nearby 4727 50 Ave

Nearby Schools

Parks & Recreation

Local Amenities

Grocery

POI data updated 6/1/2026

Legal Market Snapshot

9

Active Listings

$460K

Median Price

Avg Days on Market

Last updated: Jun 1, 2026

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REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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