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Bob Wilson (403) 782-4301

Committed, Trusted, Preferred - Your Central Alberta REALTOR®



 
Data Last Updated April 13, 2026, 10:25 pm

 
Courtesy of RE/MAX real estate central alberta
Central Ponoka
No Floor Plan Available
$315,000
MLS® #:  A2287686
Address:  5012 51 Avenue
Days On Website:  ACCESS Days on Website

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Descriptions:

Here is a beautifully restored historic property offering both commercial space and a residential suite in the vibrant heart of downtown. Currently operating as a successful restaurant/cafe specializing in lunches and special events. The restaurant has operational approval from Alberta Health Services, and also has a liquor license. It is Ideally located on a revitalized, high-traffic street, this distinctive building blends timeless character with extensive modern upgrades, creating exceptional flexibility for business, investment, or personal use. The main floor presents an inviting commercial space ready to bring your entrepreneurial vision to life by continuing with the restaurant or another business. There are four bathrooms in tota! Upstairs, you’ll find a fully renovated studio-style suite designed with both comfort and functionality in mind. The upper level features two bathrooms, a warm and welcoming living area, and private access to a deck, patio, and raised garden beds which are perfect for relaxing or entertaining. With a simple window modification, the suite could easily be reconfigured into a one- or even two-bedroom residence, adding further versatility and value. Significant upgrades completed in 2023/2024 provide peace of mind and long-term confidence, including new sewer and water lines, updated plumbing and electrical, furnace and air conditioning, new flooring, framing and drywall, fire door and front door, eavestroughs, and more. The exterior has also been thoughtfully enhanced with new fencing, refreshed landscaping, additional garden space, and beautifully constructed decks. With its seamless blend of historic elegance and modern improvements, this property may also qualify for historic preservation grant opportunities an added benefit for investors and business owners alike. There is plenty of space on the 50’ x 120’ lot for parking at the back with the option of buidling a garage in the future. Whether you’re looking to establish your business in a thriving downtown setting, generate rental income, or enjoy the convenience of living and working in one dynamic location; you won’t want to miss this opportunity.

Status: Active
Includes: All blinds and window coverings, 2 fridges, stove, deep freezer, 2 microwaves, restaurant fixtures, 3 picnic tables, central air conditioning
Location & Listing Info:
Zoning: C1
Neighbourhood: Central Ponoka
Nearest Town: Ponoka
Property Info:
Property Type: Mixed Use
Year Built: 1932
Brokerage: RE/MAX real estate central alberta
Exterior:
Exterior: Stucco
Financial & Possession:
Rooms:
Additional Info:
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For viewing call (403) 782-4301
Contact Bob Wilson - 403-304-4601
5265 45 Street, Lacombe, Alberta, T4L 2A2
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The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.

Bob Wilson, RE/MAX Real Estate Central Alberta - Lacombe
5265 45 Street, Lacombe, Alberta T4L 2A2
Tel: (403) 782-4301 Cell: (403) 782-4301 Fax: (403) 782-2285
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association.

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