5012 51 Avenue, Ponoka
Charming mixed use commercial building with a residential suite above. It sits in the heart of downtown on a bustling, revitalized street. A growing business will benefit from the high-traffic location and extensive upgrades throughout, including new sewer and water lines (2023) after the Town’s street improvements. The sale includes the building with commercial space on the lower level and an upper residential suite. There is a kitchen on each level, and 4 bathrooms! So many opportunities for differnet business options.The main floor (959.63 sq. ft.) is currently set up as a licensed restaurant specializing in soup, sandwich, and pie; and is not equipped with a deep fryer. it was previously a bookstore. It includes two bathrooms and a kitchen. The upstairs (980.25 sq. ft.) is currently residential and was a successful hair salon for 30 years. It also has two bathrooms and a kitchen. The stylishly renovated studio / 2-bathroom suite above is ideal for living on-site or generating additional rental income. The suite opens to a cozy living area with a deck, raised gardens, and a patio. With an adjustment to window placement, it could function as a 1- or 2-bedroom. The basement measures 739.48 sq. ft.The property is unique, with a 50 × 120ft. lot offers plenty of space at the back for patio living, several parking spots, or even building a garage.Substantial upgrades in 2023/2024 include new modern plumbing, electrical, furnace, central air conditioning, flooring, framing, drywall, a fire door, front door, and eavestroughs. The back of the property has been thoughtfully landscaped with fencing, fresh decks, and garden space.You will love the historical appeal and the potential to access government grants related to provincial opportunities for historic buildings. Located in one of the best locations, this turn-key venture is ready for a new owner to take over and thrive. (id:1945)
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Property details for 5012 51 Avenue, Ponoka
- Type
- Commercial
- Living Area
- 1,940 square feet
- Annual Taxes
- $2,417 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 5012 51 Avenue
Active Listings
75
Min Price
$64,900
Max Price
$3,850,500
Avg Price
$503,450
Days on Market
110
days
Sold Listings
28
Min Sold Price
$130,000
Max Sold Price
$7,248,500
Avg Sold Price
$980,954
Days until Sold
97
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
September 29, 2026
by RE/MAX real estate central alberta
Current Price
$289,000
Type
Commercial
For Sale
