5137 51 Avenue , Drayton Valley in Drayton Valley
This is an Office Listing.
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5137 51 Avenue , Drayton Valley in Drayton Valley
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.
$449,000 - MLS® #E4369083
5137 51 Avenue , Drayton Valley, AB
Essential Information
- MLS® #E4369083
- Price$449,000
- Price per Sqft108
- Price Per SqFt$108
- Square Footage4,176
- Acres0.00
- Year Built1961
- TypeOffice
- Sub-TypeOther/See Remarks
- Days on Website117
Interior
- HeatingCentral A/C
Community Information
- Address5137 51 Avenue
- AreaBrazeau
- SubdivisionDrayton Valley
- CityDrayton Valley
- Postal CodeT7A 1J7
Exterior
- ConstructionWood Frame
Listing information last updated on May 2nd, 2024 at 1:02pm MDT.