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$ 899,900
Est. payment | /mo
3,483 SqFt
$ 899,900
Est. payment | /mo
3,483 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,483 sqft
Price per Sqft $258
Subdivision Downtown Drumheller
MLS Listing ID A2167980
Year Built 1948
Lot Size 7,405 Sqft
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
County 0532
Zoning DT
Interior
Heating Forced Air
Cooling Central Air
Inclusions All appliances
Exterior
Roof Type Asphalt Shingle
Building
Dwelling Type Other
Listed by Sotheby's International Realty Canada
FEATURED AREAS
NEWLY LISTED IN THE CALGARY AREA
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- Everything New in Cochrane
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HOMES FOR SALE IN NORTHWEST CALGARY
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
