Courtesy Of Heather Malin Of RE/MAX Vision Realty

5137 51 Av, Drayton Valley, AB


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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


Is Waterfront No
Has Pool No


Heating Central A/C
Fireplace No
Has Basement No


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

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