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$950,000
Est. payment /mo
7,500 Sqft Lot
UPDATED:
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
Originating Board Calgary
Year Built 1948
Annual Tax Amount $6,738
Tax Year 2024
Lot Size 7,500 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
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
Structure Type Mixed,Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 91529701
Ownership Private
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Listed by Sotheby's International Realty Canada
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(APR 05, 2025 - MAY 05, 2025)
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REVIEWS
- I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and LidijaKiro Seremetkoski
- Definitely will recommend to those who is looking for their new home.Jeric Salazar
- Erica Salazar
Our Team
Realtor
1301 8th Street SW, Calgary, AB, Canada
Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.