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$ 999,000
Est. payment /mo
Active
333 2 ST East Drumheller, AB T0J 0Y4
7,500 Sqft Lot
UPDATED:
10/29/2024 06:00 PM
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Drumheller
MLS® Listing ID A2167980
Year Built 1948
Lot Size 7,500 Sqft
Acres 0.17
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 rental 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
State AB
County Drumheller
Zoning DT
Interior
Heating Forced Air
Cooling Central Air
Inclusions All appliances
Exterior
Roof Type Asphalt Shingle
Lot Frontage 62.5
Total Parking Spaces 5
Building
Dwelling Type Other
Structure Type Mixed,Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 91529701
Listed by Sotheby's International Realty Canada