This property is listed by Heather Malin of RE/MAX Vision Realty.
Data was last updated 2024-11-23 at 20:56:25 GMT
$399,000

5137 51 AV   Drayton Valley, AB

MLS®: E4369083
URL:    
This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants.

Listing Information

Prop. Type:
Office
Status:
Active
City:
Drayton Valley
MLS® Number:
E4369083
Neighbourhood:
Drayton Valley
Area:
Brazeau
Province:
AB
Listing Price:
$399,000

General Information

Year Built:
1961
Zoning/Land Use Code:
For Sale
Region:
Brazeau

Additional Information

Plan:
8021174
Legal Block:
1
Legal Lot/Unit:
47

Other Information

Land Size Hectares:
0
Major Business Type:
Other/See Remarks
Building Type:
Multi Tenant/Multi Plex, Quasi Retail

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Location


Sunnyside Realty Ltd
SUNNYSIDE REALTY LTD
5201 49 ST, Barrhead, Alberta
Office: 780-674-5998
Fax: 780-674-5373
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.