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Property Description

Situated in the heart of Drumheller’s revitalized historic downtown, this charming multi-family building blends character with modern updates, making it a prime investment opportunity. Spanning 5,225 square feet (total), the property includes five self-contained legal suites, ranging from one to three bedrooms, with some offering ensuite bathrooms for added convenience. Extensive renovations include upgraded electrical systems, windows, appliances, air conditioning units (5), furnaces, and a new roof, ensuring peace of mind for both owner and tenants. Each unit is thoughtfully designed with off-street parking, in-suite laundry, and secure storage, enhancing tenant convenience. With Drumheller's growing demand for long-term rentals, driven by local industries like agriculture and tourism, this property presents a stable and attractive investment. The town’s affordable real estate market, especially compared to larger cities, adds to its appeal for investors looking to expand or establish a profitable rental portfolio. Don’t miss the opportunity to invest in this thriving community with high potential for strong returns. (id:53430)

Building

Property Type:
Multi-Family
Building Type:
Multi-Family
Year Built:
1940

Finished Areas

Interior Size (Total):
7228 square feet
Above Grade:
7228 square feet

Parking

Spaces:
5

Lot / Land

Lot Size:
7500.0 square feet
Frontage:
19.05 meters

Exterior

Exterior Features:
Vinyl siding
Construction:
Wood frame

Utilities & Mechanical

Heating:
Forced air
Cooling:
Central air conditioning

Fees & Dates

Property Taxes:
$8,100
Tax Year:
2025
Last Modified:
05/23/2026 12:40:01 AM
Status Change:
05/23/2026 12:30:39 AM
Location map not available for this listing.
Listing offered by: Sotheby's International Realty Canada

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