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:51989)
Features of 4840 50 Avenue
- MLS® Number A2313796
- Price $599,000
- Square Footage: 9000 sqft
- Property Type: Commercial Mix
- Plan 6647s
Buildings
| Constructed Date | 1912 | Cooling Type | None |
| Exterior Finish | Brick | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Exterior | 9000 Sqft |
| Size Interior | 9000 Sqft | Total Finished Area | 9000 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No | Size Irregular | 7200.00 |
| Size Total | 7200 Sqft|4,051 - 7,250 Sqft | Size Total Text | 7200 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | Cb Central Business District |
Agents and Offices
- Charlotte Smith
- Office: RE/MAX Prairie Realty