4840 50 Avenue , Vermilion, Alberta T9X 1T6 For sale


Area 7750 sqft
Year Built 1912
Type Commercial Mix

About 4840 50 Avenue

Historic revenue generating building offered for sale – IMPERIAL BLOCK. This staple of downtown Vermilion was built in 1912 by a group of British capitalists under the name British Investment Corporation/Northern and Vermilion Development Company, the Imperial was intended as a luxury office and apartment block. Mayor J.W.G. Morrison and his wife lived in the Imperial Block for a time during the 1920s. Countless students from the Vermilion School of Agriculture (today’s Lakeland College) boarded here until the school built a dormitory in 1928. Students were shuttled between the school and their rooms by a makeshift bus – a horse-drawn farm wagon fitted with a wide box and plank seats along each side. In winter, the wagon was set on a sleigh. Situated on a 60’ x 120’ lot, the 3 storey building which was constructed of local brick from the Vermilion Brick Factory comprises of a single commercial tenant on the main level, and 8 residential units above. Unit breakdown is: 1: 2bd; 2: oversized 1bd; 3: 2bd; 4: studio; 5: 2bd; 6: 2bd; 7: studio; 8: 2bd. Coin operated laundry on-site. Gross revenue of around $100,000 annually, providing over a 9% CAP rate on this investment opportunity. Contact for financial package to see how you can put your money to work for you! (id:51989)

Fearures of 4840 50 Avenue

  • MLS® Number A2029416
  • Price $620,000
  • Square Footage: 7750 sqft
  • Property Type: Commercial Mix
  • Community Name: Vermilion
  • Plan 6647s


Constructed Date 1912 Heating Fuel Natural Gas
Size Exterior 7750 Sqft Size Interior 7750 Sqft
Total Finished Area 7750 Sqft Type Commercial Mix


Acreage No Size Total Text Unknown
Zoning Description Cb
What's Nearby

Do you have questions?

Call or text today, we are here to help!