Prime Downtown Multi-Use Commercial Property
Discover an exceptional opportunity with this versatile property, uniquely positioned in a high-traffic, high-visibility downtown location. Zoned for commercial use, this property currently features a residential house with both upstairs and basement suites, along with a double car detached garage. Ideal for entrepreneurial spirits, it offers a flexible setup that allows you to live on-site in the basement while operating your business on the main level, or alternatively, transform the property entirely to suit your vision.
With existing tenants in place, this property generates cash flow from day one, making it a savvy investment while you plan for its future potential. Originally envisioned as part of a larger redevelopment project, individual lots are now available for entrepreneurs to create their own unique business spaces.
The property’s prominent corner location is perfect for a range of service-based businesses—whether a nail salon, barber shop, boutique retail, or other ventures looking to capitalize on the visibility and traffic flow. This is more than just a location; it’s a foundation for building equity and growing your business footprint in a prime area.
Highlights:
• Zoning: Commercial on a residential structure
• Location: High-traffic downtown corner with excellent visibility
• Current Setup: Upstairs and basement suites, double detached garage
• Investment Potential: Immediate cash flow from existing tenants
• Ideal For: Retail, salon, barber shop, service-based businesses
• Future Development: Opportunity to redevelop or remodel to enhance commercial use
Seize this chance to transition from renting to owning, enhance your business presence, and establish lasting assets in a premier downtown location.
Address
101 Fraser Avenue
List Price
$450,000
Property Type
Residential
Type of Dwelling
Detached
Style of Home
Bungalow
Area
Fort McMurray
Sub-Area
Downtown
Bedrooms
5
Bathrooms
2
Floor Area
1,055 Sq M.
Lot Size
7600 Sq M.
Year Built
1967
MLS® Number
A2174816
Listing Brokerage
RE/MAX FORT MCMURRAY
Basement Area
Separate/Exterior Entry, Finished, Full
Postal Code
T9H 1Y9
Zoning
SCL1
Site Influences
Corner Lot, Schools Nearby, Shopping Nearby, Playground, Standard Shaped Lot