4820 49 St, Redwater
Incredible turnkey investment opportunity to acquire Kicks Saloon in Redwater with an in-place tenant on a true NNN lease and step-up rent structure, delivering a strong 7.8%cap rate. This asset offers an immediate income stream with minimal landlord responsibilities. Located in a growing community benefiting from Alberta’s oil and industrial economy tailwinds, the property features a long operating history and proven tenant performance. A solid, hands-off investment with built-in rent growth and stable cash flow in a high-demand regional market. (id:1945)
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Property details for 4820 49 St, Redwater
- Type
- Commercial
- Living Area
- 6,400 square feet
- Lot Size
- 9104.039999999999
Nearby Listings Stat
Estimated price and comparable properties near 4820 49 St
Active Listings
21
Min Price
$46,900
Max Price
$990,000
Avg Price
$355,900
Days on Market
95
days
Sold Listings
5
Min Sold Price
$119,900
Max Sold Price
$850,000
Avg Sold Price
$467,480
Days until Sold
84
days
Neighbourhood Census Data
Redwater, Alberta
Population
419
Median Age
48.1
Median Income
$36,608
Dwelling Value
$216,272
Housing Tenure
Owners 63%
Renters 35%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 52.6/km²
Avg Shelter Cost: $883/mo
Owners with Mortgage: 48%
Owners Spending 30%+: 16%
Tenants Spending 30%+: 26.7%
English only: 96.4%
English and French: 3.6%
Median Household Income: $69,632
Median Employment Income: $42,112
Price History
Listed
May 22, 2026
by Exp Realty
Current Price
$849,000
Type
Commercial
For Sale
