Drayton Valley, AB T7A1J7 5137 51 Avenue
$399,000
30 more
Presented By: Courtesy of Heather D Malin of RE/MAX Vision Realty.
Home Details
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.
Presented By: Courtesy of Heather D Malin of RE/MAX Vision Realty.
Interior Features for 5137 51 Avenue
Other Interior Features
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
General for 5137 51 Avenue
CityDrayton Valley
Construction MaterialsConcrete, Wood Frame
FULLPrivate
Garage Y/NNo
Home Warranty Y/NNo
Living Area UnitsSquare Feet
MLS AreaDrayton Valley
ModificationTimestamp2024-08-29T21:27:02.300Z
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Year Built1961
ZoningZone 90
Exterior for 5137 51 Avenue
Irrigation Water Rights Y/NNo