4840 50 Avenue Vermilion, Alberta T9X 1T6
$599,000
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:49203)
Property Details
| MLS® Number | A2313796 |
| Property Type | Other |
| Plan | 6647s |
Building
| Constructed Date | 1912 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 9000 Sqft |
| Size Interior | 9,000 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 |
https://www.realtor.ca/real-estate/29799221/4840-50-avenue-vermilion
Contact Us
Contact us for more information
Charlotte Smith
Associate
#101,5208-46th Avenue
Vermilion, Alberta T9X 1X8
(780) 853-2120
www.prairierealty.ca/
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July 16 2026 03:23:31
REALTORS® Association of Lloydminster & District
RE/MAX Prairie Realty