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$ 599,000
Est. payment | /mo
9,000 SqFt
$ 599,000
Est. payment | /mo
9,000 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Approx. Sqft 9000
Square Footage 9,000 sqft
Price per Sqft $66
MLS® Listing ID A2313796
Year Built 1912
Lot Size 7,200 Sqft
Acres 7200.0
Property Description
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:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by RE/MAX PRAIRIE REALTY
Nearby Locations