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$ 599,000
Est. payment /mo
Active
4840 50 AVE Vermilion, AB T9X 1T6
9,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $66
MLS Listing ID A2313796
Year Built 1912
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Property Description
Welcome to the iconic Imperial Block - a rare multi-rental and commercial investment opportunity with a proven revenue stream and outstanding long-term potential.
Originally built in 1912 by British capitalists,this landmark three-storey brick building has been a staple in the community for generations. Constructed with durable brick from the historic Vermilion Brick Factory,the property blends timeless character with reliable income-producing performance. Located on a large 60' x 120' commercial lot,the Imperial Block features space for commercial tenants on the main floor plus eight residential rental units above,offering a diverse income mix. The residential suites include spacious two-bedroom apartments,oversized one-bedroom units,and studio suites that continue to attract tenants from Lakeland College,local agriculture,and the oilfield industry. Additional features include on-site coin-operated laundry,strong occupancy history,and excellent downtown exposure within walking distance to amenities,shopping,and services. Generating approximately $100,000 in annual gross revenue,this is an exceptional opportunity for investors seeking a high-performing income property in Alberta. Whether you're expanding your portfolio or searching for a stable mixed-use commercial building with historic appeal,the Imperial Block delivers both character and cash flow.
Originally built in 1912 by British capitalists,this landmark three-storey brick building has been a staple in the community for generations. Constructed with durable brick from the historic Vermilion Brick Factory,the property blends timeless character with reliable income-producing performance. Located on a large 60' x 120' commercial lot,the Imperial Block features space for commercial tenants on the main floor plus eight residential rental units above,offering a diverse income mix. The residential suites include spacious two-bedroom apartments,oversized one-bedroom units,and studio suites that continue to attract tenants from Lakeland College,local agriculture,and the oilfield industry. Additional features include on-site coin-operated laundry,strong occupancy history,and excellent downtown exposure within walking distance to amenities,shopping,and services. Generating approximately $100,000 in annual gross revenue,this is an exceptional opportunity for investors seeking a high-performing income property in Alberta. Whether you're expanding your portfolio or searching for a stable mixed-use commercial building with historic appeal,the Imperial Block delivers both character and cash flow.
Location
Province AB
Zoning CB Central Business Distr
Interior
Heating Boiler, Forced Air, Natural Gas
Cooling None
Inclusions Appliances for rental units
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions None Known
Listed by RE/MAX PRAIRIE REALTY