Drayton Valley, AB T7A1J7,5137 51 AV
Drayton Valley, AB T7A1J7,5137 51 AV
Drayton Valley, AB T7A1J7,5137 51 AV
Drayton Valley, AB T7A1J7,5137 51 AV
Drayton Valley, AB T7A1J7,5137 51 AV
Drayton Valley, AB T7A1J7,5137 51 AV
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$ 399,000
Est. payment | /mo

4,176 SqFt


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$ 399,000
Est. payment | /mo
Save

4,176 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,176 sqft

Price per Sqft $95

Subdivision Drayton Valley

MLS® Listing ID E4369083

Originating Board REALTORS® Association of Edmonton

Year Built 1961

Property Description

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. (id:24570)

Location

Province AB

Exterior

Parking Features No

View Y/N No

Private Pool No

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Listed by RE/MAX Vision Realty

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5137 51 AV

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