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$ 899,900
Est. payment | /mo
7,228 SqFt
$ 899,900
Est. payment | /mo
7,228 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,228 sqft
Price per Sqft $124
Subdivision Downtown Drumheller
MLS Listing ID A2263230
Year Built 1940
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Multi Family
Property Description
Situated in the heart of Drumheller's revitalized historic downtown, this charming multi-family building blends character with modern updates, making it a prime investment opportunity. Spanning 5,225 square feet (total), the property includes five self-contained legal suites, ranging from one to three bedrooms, with some offering ensuite bathrooms for added convenience. Extensive renovations include upgraded electrical systems, windows, appliances, air conditioning units (5), furnaces, and a new roof, ensuring peace of mind for both owner and tenants. Each unit is thoughtfully designed with off-street parking, in-suite laundry, and secure storage, enhancing tenant convenience. With Drumheller's growing demand for long-term rentals, driven by local industries like agriculture and tourism, this property presents a stable and attractive investment. The town's affordable real estate market, especially compared to larger cities, adds to its appeal for investors looking to expand or establish a profitable rental portfolio. Don't miss the opportunity to invest in this thriving community with high potential for strong returns.
Location
Province AB
Zoning DT
Interior
Heating Forced Air
Cooling Central Air
Inclusions Dishwasher (5), Washer (5), Dryer (5), Refrigerator (5), Stove (5), Air Conditioner (5)
Fireplace No
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 5
Garage No
Building
Dwelling Type Other
Others
Restrictions None Known
Listed by Sotheby's International Realty Canada
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