CURRENT BID
50,000.00CAD
ENTER YOUR MAXIMUM ABSENTEE BID![[?]](https://alberta.liveauctionworld.com/graphics/icons/help.png)
Live Online Auction Starts In
2026 Oct 10 @ 11:00 (UTC-07:00 : PDT/MST)
IMPORTANT REAL ESTATE TERMS & NOTICES:
• RESERVE NOTICE: This property is offered subject to a seller reserve of $160,000.
• EARNEST DEPOSIT: A 10% non-refundable earnest money deposit is required from the successful winning bidder immediately following the close of the auction.
• CLOSING: Possession and final closing will take place within 30 days of auction completion via legal representation.
• DUE DILIGENCE: Property is sold strict "AS-IS, WHERE-IS" with no contingencies. Bidders are responsible for completing all inspections, title searches, and due dilige...
ALBERTA.
COMMERCIALLY ZONED PROPERTY IN THE VILLAGE OF CLYDE, HISTORICALLY OPERATED AS AN AUCTION HOUSE. ALL FIVE LEGAL LOTS AND THE EXISTING BUILDING ARE OFFERED TOGETHER, COMPRISING APPROXIMATELY 12,473 SQ. FT. (0.286 ACRES) OF LAND ACCORDING TO THE MUNICIPAL ASSESSMENT.
THE PROPERTY FEATURES FRONTAGE ALONG 50 STREET, AN EXISTING COMMERCIAL BUILDING, OPEN YARD SPACE AND ALL UTILITIES. AN OPPORTUNITY TO ACQUIRE ESTABLISHED COMMERCIAL PREMISES IN CLYDE, WITH FUTURE USES SUBJECT TO APPLICABLE MUNICIPAL ZONING AND APPROVALS.
PROPERTY DETAILS
ADDRESS: 5011 50 STREET, CLYDE, ALBERTA
LEGAL DESCRIPTION: PLAN 1453AJ, BLOCK 4, LOTS 19–23 INCLUSIVE, EXCEPTING ALL MINES AND MINERALS
ZONING: COMMERCIAL
LAND AREA: APPROXIMATELY 12,473 SQ. FT. (0.286 ACRES)
UTILITIES: ALL UTILITIES AVAILABLE
BUILDING AREA: NOT VERIFIED
2026 MUNICIPAL ASSESSMENT: $184,790 FOR LAND AND IMPROVEMENTS
MUNICIPAL ASSESSMENT IS PROVIDED FOR REFERENCE ONLY AND DOES NOT REPRESENT A RESERVE PRICE OR GUARANTEE OF SALE VALUE.
PREMIER REAL ESTATE OPPORTUNITY | VILLAGE OF CLYDE, AB
Location: 5011 50th Street, Clyde, Alberta
Bidding Closes: October 10th, 2026
Summary
Kastner Auctions is pleased to present 5011 50th Street, a versatile real estate parcel situated within the strategic industrial-commercial corridor of Westlock County. Located directly off Highways 2 and 18, this property combines regional connectivity with the economic advantages of a low-overhead municipality—positioning it as an ideal asset for business expansion, fleet logistics, or long-term capital appreciation.
Key Land Utility & Strategic Potential
Commercial & Light Industrial Hub: Excellent footprint for specialized trade operations, contractor headquarters, or equipment service yards requiring convenient transportation routes.
Secured Storage & Asset Management: Strong potential for income-generating applications, including commercial fleet staging, outdoor compound storage, or high-density RV/marine storage.
Bespoke Development / Land Bank: Flexible utility for owner-occupiers seeking to construct custom facilities or investors looking to add strategic rural real estate to a diversified portfolio.
Property Highlights
Convenient positioning ~45 minutes north of Edmonton & St. Albert
Reduced operational overhead via competitive regional tax rates
Straightforward highway logistics via Hwy 2 and Hwy 18
Terms: Sold as-is, where-is. Subject to a $160,000 seller reserve. A 10% non-refundable deposit is required upon the successful execution of the winning bid, with closing in 30 days. Viewing is available upon request.
Auction Location:
5011 50TH STREET, CLYDE, Alberta, T0G 2J0, Canada
Previewing Details:
Items can be previewed by Appointment; call 780-394-0406 to set up a viewing.
Taxes:
| Tax | Rate | Desc. |
| GST |
5% |
GST |
| GST |
5% |
GST |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
5% |
Additional Fees:
Shipping Details:
NOT APPLICABLE
Payment Details:
REAL ESTATE PAYMENT TERMS:
• Earnest Money Deposit: The winning bidder must provide a 10% non-refundable deposit within 24 hours of auction completion. Payment must be made by Bank Draft, Wire Transfer, or Certified Funds payable to [Insert Law Firm or Kastner Auctions Trust Account].
• Final Settlement: Balance of the purchase price and closing costs are due within 30 days upon final legal completion.
• Credit Card Notice: Credit cards will NOT be automatically charged for the full real estate balance or deposit unless authorized for a small administrative/registration fee.
Accepted Payment Methods:
- VISA
- Master Card
- E-Transfer
- Debit
- Cash
REAL ESTATE AUCTION TERMS & CONDITIONS
Property: 5011 50th Street, Clyde, Alberta
Auctioneer: Kastner Auctions Ltd.
1. REGISTRATION & BIDDING AGREEMENT
Binding Obligations: By registering for and placing a bid on this real estate auction, the bidder agrees to be legally bound by these Terms and Conditions.
Pre-Bidding Qualification: Kastner Auctions Ltd. reserves the right to request proof of funds, mortgage pre-approval, or a refundable bidder deposit prior to granting bidding authorization for real estate lots.
Irrevocable Bids: Bids placed are final, binding, and irrevocable. No bid may be retracted or withdrawn once submitted.
2. RESERVE PRICE & APPROVAL
Subject to Reserve: This property is offered for sale subject to a Seller Reserve Price of $160,000 CAD.
Bidding Increments: The Auctioneer reserves the right to accept or reject any bid, control bidding increments, and regulate the bidding process at their sole discretion.
Reserve Conditions: If bidding reaches or exceeds $160,000, the high bid becomes a binding agreement to purchase. If the final bid falls below $160,000, the highest bid remains subject to written approval by the Seller within twenty-four (24) hours of the auction closing.
3. BUYER’S PREMIUM & PURCHASE PRICE
3% Buyer’s Premium: A 3% Buyer’s Premium will be added to the high bid (hammer price) to determine the Total Purchase Price (e.g., a winning bid of $160,000 + 3% Buyer’s Premium [$4,800] = Total Purchase Price of $164,800).
Taxes: Applicable Goods and Services Tax (GST) or other government taxes will apply to the Total Purchase Price where required by law.
4. DEPOSIT & CONTRACT EXECUTION
Non-Refundable Deposit: The successful High Bidder must submit a non-refundable earnest deposit of $10,000.00 CAD (or 10% of the purchase price, whichever is greater) to Kastner Auctions Ltd. (or designated escrow real estate lawyer) via Wire Transfer, Bank Draft, or Certified Cheque within twenty-four (24) hours of the auction close / reserve acceptance.
Agreement Purchase & Sale: Upon the close of bidding (or seller confirmation), the successful bidder must execute a standard Real Estate Purchase and Sale Agreement within twenty-four (24) hours.
Default: If the high bidder fails to sign the Purchase Agreement or submit the deposit within the specified timeframe, the bidder shall be in default. The deposit is non-refundable and will be forfeited as liquidated damages, not as a penalty.
5. CLOSING & TITLE TRANSFER
30-Day Closing: Closing shall occur within thirty (30) days of the execution of the Purchase Agreement, or as mutually agreed upon in writing by the Seller and Buyer.
Conveyancing & Costs: Title transfer, closing adjustments (taxes, utilities), and legal fees shall be handled through licensed real estate lawyers. Each party is responsible for their respective legal and conveyancing expenses.
Clear Title: The Seller guarantees clear title free and clear of all financial encumbrances upon closing, subject only to standard utility easements, municipal bylaws, and building restrictions.
6. "AS IS, WHERE IS" & DUE DILIGENCE
No Warranties: The property is sold strictly "AS IS, WHERE IS, WITH ALL FAULTS." Neither Kastner Auctions Ltd. nor the Seller makes any representation, warranty, or guarantee (expressed or implied) regarding soil conditions, structural integrity, zoning, environmental status, or permitted land uses.
Bidder Responsibility: Bidders are solely responsible for completing all home inspections, zoning verification with the Village of Clyde, land title searches, and financial preparations prior to placing a bid.
No Contingencies: Bidding and purchase are NOT contingent upon financing, home inspections, or municipal approval.
7. LIMITATION OF LIABILITY
Property Inspections: Bidders and guests visiting 5011 50th Street for site previews or inspections do so entirely at their own risk. Kastner Auctions Ltd. assumes no liability for personal injury, death, or property damage occurring on-site.
Technical Failures: Kastner Auctions Ltd. shall not be held liable for missed bids, system outages, or technical issues experienced during online bidding.
Failure to Convey: If the Seller is unable to deliver clear title for any reason, the sole liability of Kastner Auctions Ltd. and the Seller shall be limited to the full return of the buyer's deposit.
8. GOVERNING LAW
These Terms and Conditions shall be governed by and construed in accordance with the laws of the Province of Alberta and applicable federal laws of Canada. Jurisdiction resides exclusively in the courts of Alberta.