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    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. (id:58070)

    Property Features

    • MLS® Number A2167980
    • Price $950,000
    • Square Footage: 3483 sqft
    • Property Type: Multi-Family
    • Community Name: Downtown Drumheller
    • Parking Space Total 5
    • Plan 2691bc

    Buildings

    Constructed Date 1948 Construction Material Wood Frame
    Cooling Type Central Air Conditioning Exterior Finish Vinyl Siding
    Heating Type Forced Air Size Exterior 3483 Sqft
    Size Interior 3483 Sqft Total Finished Area 3483 Sqft
    Type Multi-family

    Land

    Acreage No Size Frontage 19.05 M
    Size Irregular 7500.00 Size Total 7500 Sqft|7,251 - 10,889 Sqft
    Size Total Text 7500 Sqft|7,251 - 10,889 Sqft Zoning Description Dt
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