Shawn Jacula
(780) 581-9011

RE/MAX PRAIRIE REALTY
780-853-2120

4840 50 Avenue
  Vermilion , Alberta   T9X1T6
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4840 50 Avenue For Sale

$599,000
Vermilion, Alberta

Transaction Type
For Sale
Days On Market
133
Zoning
CB
Year Built
1912
Property Type
Commercial
Building Area (Sq. Ft.)
7750.00

Listing ID: 24492
MLS ID: A2114549
Attention real estate investors! Don't miss out on this lucrative investment opportunity! The IMPERIAL BLOCK, a historic revenue-generating building located in downtown Vermilion, is available for sale. Built in 1912 by British capitalists, this iconic property was originally designed as a luxury office and apartment block. Over the years, it has served as a residence for figures like Mayor J.W.G. Morrison and provided accommodations for students from the Vermilion School of Agriculture. Today it continues to be a popular residence for students of Vermilion's Lakeland College and local industry such as oilfield and agriculture. Sitting on a spacious 60’ x 120’ lot, this three-story building is constructed of durable local brick from the Vermilion Brick Factory. It features a single commercial tenant on the main level, along with eight residential units above. The unit breakdown includes a variety of layouts, from spacious two-bedroom units to oversized one-bedroom and studio apartments. Additionally, the property offers the convenience of on-site coin-operated laundry facilities. With an impressive gross revenue of approximately $100,000 annually, the Imperial Block boasts a remarkable CAP rate of over 9%. This makes it a highly desirable investment opportunity for savvy real estate investors. Contact us today to discover how you can maximize your returns with this exceptional property!
Transaction Type
For Sale
Days On Market
133
Zoning
CB
Subdivision
Vermilion
Year Built
1912
Structure Type
Low Rise (2-4 stories)
Property Type
Commercial
Property Sub Type
Mixed Use
Legal Plan
6647S
Building Area (Sq. Ft.)
7750.00
Building Area (Sq. M.)
719.99
Heating
Boiler,Natural Gas
Inclusions
NA
Restrictions
None Known
Reports
None

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