5023 51 Avenue, Ponoka
If you are looking for an income-producing commercial property that actually pencils out, 5023 51 Avenue in downtown Ponoka delivers.The east unit is locked in through December 2029 at $1,977 per month. The west unit is leased through April 30, 2028 at $952 per month, providing secured income across both bays.Combined monthly revenue is $2,929. Annual operating expenses - taxes, insurance, utilities, and a maintenance reserve - run approximately $10,853. The property sits on 51 Avenue, Ponoka's primary commercial corridor, surrounded by reputable, long-standing businesses along a well-maintained and updated streetscape. Street parking is available directly out front, a dedicated public parking lot is a short walk away, and three tenant parking spaces are located at the rear of the building. The building itself is 2,706 sq ft, constructed in 1941.This property has been in the same family for over 50 years and is offered now as a turnkey investment in one of Ponoka's most established commercial locations. (id:1945)
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Property details for 5023 51 Avenue, Ponoka
- Type
- Commercial
- Living Area
- 2,706 square feet
- Annual Taxes
- $3,044 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 5023 51 Avenue
Active Listings
81
Min Price
$64,900
Max Price
$3,850,500
Avg Price
$528,737
Days on Market
106
days
Sold Listings
26
Min Sold Price
$60,000
Max Sold Price
$7,248,500
Avg Sold Price
$869,298
Days until Sold
101
days
Neighbourhood Census Data
Ponoka, Alberta
Population
514
Median Age
48.1
Median Income
$32,960
Dwelling Value
$200,328
Housing Tenure
Owners 45%
Renters 55%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 1,345.5/km²
Avg Shelter Cost: $1,025/mo
Owners with Mortgage: 60%
Owners Spending 30%+: 11.5%
Tenants Spending 30%+: 40.6%
English only: 96.1%
English and French: 2.9%
Median Household Income: $47,488
Median Employment Income: $37,632
Price History
Listed
May 20, 2026
by Coldwell Banker OnTrack Realty
Current Price
$209,900
-2.3% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $209,900 | $5,000 (-2.3%) |
| Jul 22, 2026 | $214,900 | Listed |
