5002 50 Bashaw Street For Sale

An investment that won't break the bank! That's a little humour for you, here's the original Bank Of Montreal. This brick beauty is rock solid and has maintained incredible structural integrity over the course of the last 101 years. Today it serves as Main Street Bashaw's crown jewel and is home to The Co-operators Insurance who hold a lease through 2024. The upstairs has been renovated into an apartment and is very current in its stylings. The basement serves as a more cost effective apartment option, and is home to the original three-brick-thick vault! The main floor generates $1100/month, the top floor $900 and the lower level $500, grossing $30K per year. The current owner stays ultra competitive in the rental market by covering utilities & internet and after those costs nets $21K annually in revenue. Speaking as a long time resident of Bashaw, this is a no-brainer. Thanks to a fantastic location nestled between five much larger centres and a great school plus all the amenities a town needs, people come here for low cost living and commute if they have to until they find permanent options. As such, residential rentals are ALWAYS in demand! Lastly, The Co-operators Insurance is a fantastic tenant that has become a staple of the community and will be at this location for a long time should the new owner desire so.