7605 Henderson Way, Out of Area, ON T4L 0K7
Out of Area · Near HWY 2 and HWY 12 Over Pass · View map
About this home
MIDWAY COMMERCIAL LOT 2 - CENTRAL ALBERTA INVESTMENT OPPORTUNITY Ontario investors seeking a lower-cost alternative to GTA commercial real estate can consider this income-producing commercial opportunity in Lacombe, Alberta, strategically located along the QEII corridor between Edmonton and Calgary.$4.8M Asking Price | ~$250,145 Current Base Rent | ~5.21% Indicative Yield The property offers significant upside through the potential development of up to 10,000 SF of professional/medical space. Phase I could begin with 5,000 SF, estimated at $900K, with potential rent of approximately $150K annually at $30/SF. Upon completion and lease-up, projected base rental income could reach approximately $400K annually, representing an estimated 7.02% yield on the $5.7M total acquisition + Phase I development cost. The medical component represents an estimated 16.7% development yield. At a potential 6% stabilized cap rate, projected income could support approximately $6.67M in value, representing approximately $970K of potential gross value creation. Key Highlights: Existing income; Medical/professional development upside; Phased construction; Central Alberta QEII location. Lower capital entry point than many Ontario opportunities. Local property management available through MaxWell Real Estate Solutions in Red Deer. Acquire, Develop, Lease, Increase NOI, Create Value. All figures are approximate projections and subject to verification, market conditions, financing, construction costs, leasing and actual operating performance.
The home
- Type
- Commercial retail
- Square footage
- 2 sq ft
- Lot size
- 66.1 x 77.8 m
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $35,000/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- HWY 2 and HWY 12 Over Pass
More
- MLS® number
- X13712678
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
7605 Henderson Way, Out of Area, ON T4L 0K7
Out of Area · Near HWY 2 and HWY 12 Over Pass
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Listing history for 7605 Henderson Way
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 7605 Henderson Way
Answers come straight from this home’s MLS® listing.
How much is 7605 Henderson Way listed for, and what would it cost each month?
7605 Henderson Way is listed for $4,800,000. With 20% down ($960,000), the mortgage payment would be roughly $19,362 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $22,279 a month, all in. That figure is an illustration, not a quote.
Is 7605 Henderson Way freehold or a condo, and is there a monthly fee?
7605 Henderson Way is a commercial retail in Out of Area. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 7605 Henderson Way have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 7605 Henderson Way?
7605 Henderson Way is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 7605 Henderson Way, and what is the lot size?
The lot is listed as 66.1 x 77.8 m.
How is 7605 Henderson Way heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 7605 Henderson Way?
Property taxes are $35,000 a year (2025), or about $2,917 a month.
Where is 7605 Henderson Way?
7605 Henderson Way is in Out of Area. The nearest main intersection is HWY 2 and HWY 12 Over Pass. The postal code is T4L 0K7.
Is 7605 Henderson Way still for sale?
Yes. It is an active listing (MLS® X13712678). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 7605 Henderson Way asking?
Similar properties for sale nearby right now include 9114 County Road 7B Road at $4,499,000, 232 water Street at $3,500,000 and * Estancia Punta del Lago * at $4,200,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 7605 Henderson Way sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 7605 Henderson Way?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Out of Area, picked by style, size and price.
Commercial retail$4,499,0009114 County Road 7B Road, Out of AreaCourtesy of: DREAM MAX REAL ESTATE INC.View home →
Commercial retail$3,500,000232 water Street, Out of AreaCourtesy of: RE/MAX EXCEL REALTY LTD.View home →
Farm$4,200,000* Estancia Punta del Lago *, Out of Area6 bed · 3 bathCourtesy of: Sotheby's International Realty CanadaView home →Courtesy of: MaxWell Privé
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.