Courtesy Of Heather Malin Of RE/MAX Vision Realty

5137 51 Av, Drayton Valley, AB

$449,000

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4,176

Square feet

About 5137 51 Av

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.

Features of 5137 51 Av

MLS® # E4369083
Price $449,000
Square Footage 4,176
Acres 0.00
Year Built 1961
Type Office
Sub-Type Other/See Remarks

Community Information

Address 5137 51 Av
Area Brazeau
Subdivision Drayton Valley
City Drayton Valley
Province AB
Postal Code T7A 1J7

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Central A/C
Fireplace No
Has Basement No

Exterior

Construction Wood Frame

Additional Information

Date Listed January 4th, 2024
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Heather Malin Of RE/MAX Vision Realty

Listing Map

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