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MLS® A2313796 · Active

4840 50 Avenue

Vermilion, Alberta

$599,000

Source-listed price. Confirm sale or lease terms and availability.

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Property photographs

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Property details

MLS®
A2313796
Status
Active
Property type
Other
City
Vermilion
Year built
1912
Living area
9000 square feet
Listing brokerage
RE/MAX PRAIRIE REALTY

About this property

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. (id:65883)

Location

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Listing information provided through CREA DDF®. Listing courtesy of RE/MAX PRAIRIE REALTY. Source attribution · REALTOR.ca

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