Property Details
4840 50 Avenue
Vermilion (A2313796)
Description
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.
Property details
- MLS® #
- A2313796
- Property Type:
- Commercial
- Subtype:
- Mixed Use
- Subdivision:
- NONE
- Price
- $599,000
- Sale/Lease:
- For Sale
- Size:
- 9,000 sq.ft.
- Year Built:
- 1912 (114 years old)
- Structure Type:
- Mixed Use
- Building Name:
- Imperial block
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- Appliances for rental units
- Lot Size:
- 0 acres
- Zoning:
- CB Central Business Distr
- Exterior:
- Brick,Mixed
- Heating:
- Boiler, Forced Air, Natural Gas
- Cooling:
- None
- Possession:
- Negotiable
- Days on Market:
- 45
Basic Info
Building Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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