49 street & 50 Avenue T0A 1N0
Gibbons Gibbons T0A 1N0

$1,800,000
Land Commercial

Main Photo: 49 street & 50 Avenue T0A 1N0: Gibbons Land Commercial for sale : MLS®# 45302174
Photo 1: 49 street & 50 Avenue T0A 1N0: Gibbons Land Commercial for sale : MLS®# 45302174
Photo 2: 49 street & 50 Avenue T0A 1N0: Gibbons Land Commercial for sale : MLS®# 45302174
Status:
Active
Prop. Type:
Land Commercial
MLS® Num:
45302174
* Sold date and price are as reported on the RAE’s MLS® system
Retail Shopping Centre: Fully occupied by 5 tenants—Food Store, Gibbons Liquor Loft, Prime Pizza and Donair, Pit Stop Pub, and Lee’s Restaurant. Built-in Growth: Long-term leases in place featuring built-in rental escalations (e.g., Food Store increases to $11.00/SF; Prime Pizza has scheduled step-ups in Years 3 and 5). Bonus: Two Businesses with extra income:Pit Stop Pub: Beyond standard property rental income, the asset includes the operations of the owner-operated Pit Stop Pub: Robust VLT Income: Delivers $7,500+/month in gaming commissions ($90.4k in FY25)Liquor Loft: also owned by the plaza owner. It delivers $914k 3-yr avg gross sales ($147k avg margin), plus massive upside by cutting $178k+ in hired staff overhead.
Property Type:
Land Commercial
Transaction Type:
For Sale
Price Per SqFt:
$142.86
Bathrooms:
- (Full:-/Half:-)
Days On Website:
1 day(s)
  • Photo 1: 49 street & 50 Avenue T0A 1N0: Gibbons Land Commercial for sale : MLS®# 45302174
    Photo 1 of 2
  • Photo 2: 49 street & 50 Avenue T0A 1N0: Gibbons Land Commercial for sale : MLS®# 45302174
    Photo 2 of 2
Courtesy of Nicholas J Golden of RE/MAX Professionals
Data was last updated August 15, 2026 at 03:30 AM (UTC)
Data last updated on August 15, 2026 at 03:30 AM (UTC).
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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