Multi-Family Investment Opportunity

333 2 Street E., Drumheller, Alberta

Downtown Location

Extensive Renovations

5 Unit Building

Sage Manor

This multi-family property is situated in a prime location and has been impeccably maintained and updated

This charming multi-family building is situated in the heart of Drumheller's historic downtown revitalization district and has been beautifully maintained and renovated. It boasts a spacious 3,483 sqft layout and contains five self-contained rental suites ranging from one to three bedrooms, some with ensuites. The property has undergone extensive renovations, including upgrades to the electrical, windows, appliances, air conditioning units (4), furnaces, and a new roof. Additionally, each unit offers off-street parking, in-suite laundry, and separate secure storage.

Drumheller is a town that experiences high demand for long-term rental properties. The area is home to several industries that provide stable employment opportunities, such as coal mining, agriculture, and tourism, which creates a need for long-term rentals for those relocating for work.

In addition to its strong rental market, Drumheller offers affordable real estate prices compared to larger cities. This makes it an attractive option for rental property investors who are looking for affordable investment opportunities with good returns. Don't miss your chance to build a profitable rental property portfolio in this charming town!

Property Details

MLS ID
A2037781
Subdivision
Downtown
Size
3,483 SQFT
List Price
$999,000
Zoning
DT
List Type
Multi-Family

Unit Mix

3 Bedroom / 2 Bathroom
1
2 Bedroom / 1 Bathroom
1
1 Bedroom / 1 Bathroom
2
2 Bedroom / 2 Bathroom
1
Total Units
5

Annual Property & Lease Data

About Drumheller

Drumheller is a thriving town located in the heart of the Canadian Badlands. Known for its stunning landscape and rich history, Drumheller offers a unique lifestyle that is perfect for those seeking a peaceful and adventurous way of life.

One of the most attractive aspects of Drumheller is its natural beauty. The town is surrounded by the rolling hills and rugged terrain of the Badlands, creating a stunning backdrop for outdoor activities such as hiking, biking, and horseback riding. The nearby Red Deer River also offers opportunities for fishing, canoeing, and kayaking.

Drumheller is also home to a number of unique attractions, including the world-famous Royal Tyrrell Museum of Palaeontology, which boasts an impressive collection of dinosaur fossils and exhibits. Other notable landmarks include the Hoodoos, a geological formation that features towering pillars of rock, and the Atlas Coal Mine National Historic Site, a former coal mine that has been preserved as a museum.

The town has a mix of older homes and newer developments, with prices that are generally more affordable than in larger cities. The town also has a strong rental market, making it an attractive option for investors.

Overall, Drumheller offers a unique and attractive lifestyle that is perfect for those who enjoy outdoor activities and appreciate natural beauty. With its rich history and range of attractions, it is a town that is sure to appeal to a wide range of buyers and investors.

Visit Town of Drumheller for more information and things to do and see in this beautiful community.