Courtesy Of John Dempster Of RE/MAX Vision Realty

5113 53 St, Drayton Valley

$1,199,000


Great opportunity to invest in this 15 suite apartment complex in downtown Drayton Valley that has tremendous potential. With 5-3 bedroom/1.5 bath units, 6-2 bedroom/1 bath, 3-1 bedroom/1 bath units, along with 1 bachelor suite, this building provides a great range of suites to rent out. Each unit includes an intercom system for secured access to the building. Newer flooring has been installed throughout the suites. The building is situated on two lots measuring .48 acres in size(total). The HVAC has had upgrades as well over the years(Boiler-2012, HWT-2011). The property includes 16 energized parking stalls as well as on street parking(situated on a corner lot). Seller has indicated that all 10 balconies have been refurbished approx 10 years ago as well. The common laundry room is in the basement(tenants charged a flat fee monthly currently). Chimo Place would make a great next investment.

Listing Details
Office

Courtesy Of John Dempster Of RE/MAX Vision Realty

Essential Information
MLS® #E4222836
Price$1,199,000
Square Footage15,877
Acres0.48
Year Built1971
TypeMulti-Family Commercial
StatusACTIVE
Community Information
Address5113 53 St
AreaBrazeau
SubdivisionDrayton Valley
CityDrayton Valley
ProvinceAB
Postal CodeT7A 1K8
Amenities
Parking Spaces16
Interior
# of Stories3
Exterior
ConstructionWood Frame
Additional Information
ZoningR4

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Listing information last updated on January 21st, 2021 at 11:31pm MST.

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