5137 51 Av Drayton Valley, Alberta T7A 1J7
$350,000
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:62055)
Property Details
| MLS® Number | E4369083 |
| Property Type | Office |
| Neigbourhood | Drayton Valley |
Building
| Constructed Date | 1961 |
| Size Interior | 4,176 Ft2 |
Land
| Acreage | No |
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February 25 2025 11:30:46
REALTORS® Association of Edmonton
RE/MAX Vision Realty