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 rental 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.
Mls | A2167980 |
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Listing Type | For Sale |
Style | Attachd |
Buildingname | Sage Manor |
Subtype | Resale |
Status | Active |
Year | 1948 |
Days On Site | 81 |
Listing Provided By | Sotheby's International Realty Canada | Calley Erickson |
Sq Feet | 3,483 |
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Zoning | DT |
Acreage | 0.17 |
State | AB |
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County | Drumheller |
City | Drumheller |
Zip Code | T0J 0Y4 |
Area | Drumheller |
Community Name | Downtown Drumheller |
Listing VS Median (in Downtown Drumheller) | |
Price: $999,000 low | high Med: $262,500 SqFt: 3,483 low | high Med: 1,935 $ / SqFt: $287 low | high Med: $181 On Site: 81 low | high Med: 154.000000 |