Property Details

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Featured in:

Winners:

333 2 Street E
Drumheller (A2263230)

$899,900
7,228 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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.

Property details

Basic Info

MLS® #
A2263230
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Downtown Drumheller
Price
$899,900
Sale/Lease:
For Sale
Size:
7,228 sq.ft.
Year Built:
1940 (85 years old)

Building Info

Structure Type:
Other
Building Name:
Sage Manor
Garage:
No
Fence:
Basement:
No
Inclusions:
Dishwasher (5), Washer (5), Dryer (5), Refrigerator (5), Stove (5), Air Conditioner (5)

Lot / Land Info

Lot Size:
0.17 acres
Zoning:
DT

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Mixed,Vinyl Siding,Wood Frame
Heating:
Forced Air
Cooling:
Central Air

Listing Info

Possession:
Negotiable
Days on Market:
75
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Grassroots Realty Group Ltd.
1-833-477-6687

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