Courtesy of Heather Malin, RE/MAX Vision Realty
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(780) 819-2615Listing Description
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.
Key Details
| MLS® Number: | E4369083 |
|---|---|
| Property Type: | Office |
| Year Built: | 1961 |
| Neighbourhood: | Drayton Valley |
| Zone: | Zone 90 |
| Bedrooms: | 0 |
| Bathrooms: | |
| Fireplace: | No |
| Exterior: | Concrete, Wood Frame |
| Roofing: | Torch On |
| Construction: | Concrete, Wood Frame |
