333 2 Street E, Drumheller, Alberta

$999,000

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0.17

Acres

About 333 2 Street E

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.

Features of 333 2 Street E

MLS® # A2167980
Price $999,000
Bathrooms 0.00
Acres 0.17
Year Built 1948
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 333 2 Street E
Subdivision Downtown Drumheller
City Drumheller
County Drumheller
Province Alberta
Postal Code T0J 0Y4

Amenities

Parking Spaces 5
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Roof Asphalt Shingle
Construction Mixed, Vinyl Siding, Wood Frame

Additional Information

Date Listed September 23rd, 2024
Days on Market 37
Zoning DT
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSotheby's International Realty Canada

Listing Map