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. (id:47421)
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Detailed Information
Lot
19.05 x 0 m
Listing Contract Date
2024-09-23
Municipal ID
0020014262
# of Parking Spaces
5
Plan
2691BC
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
DT
Building
Constructed Date
1948
Construction Material
Wood frame
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Heating Type
Forced air
Size (Exterior)
3483 square feet
Total Finished Area
3483 sqft
Type
Multi-Family
Land
Total Size
7500 square feet
Size of Irregular Land
7500.00
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