$999,000.00 3,483 Sq.ft

333 2 Street E, Drumheller. T0J 0Y4

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.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2167980
City:Drumheller
Neighbourhood:Downtown Drumheller
Province:Alberta
Building/Unit Size: 3,483 sq.ft
Land Size:0.17 Acre
Listing Price:$999,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:DT
Listing Contract Date:2024-09-23

For fast response, please email us via the “Inquiry Via Email” button with your contact information.

To purchase a business or property, please visit "Our People", to find a commercial expert who specializes in the type of business or property you are looking for, speaks your language, and has an office in your city.

This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Sotheby's International Realty Canada" listing brokerage.

Google map