$200,000
$240,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
5002 50 Bashaw ST Bashaw, AB t0b 0h0
Key Details
Sold Price $200,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A2008740
Sold Date 12/09/22
Originating Board Central Alberta
Year Built 1920
Annual Tax Amount $1,200
Tax Year 2022
Property Description
An investment that won't break the bank! That's a little humour for you, here's the original Bank Of Montreal. This brick beauty is rock solid and has maintained incredible structural integrity over the course of the last 101 years. Today it serves as Main Street Bashaw's crown jewel and is home to The Co-operators Insurance who hold a lease through 2024. The upstairs has been renovated into an apartment and is very current in its stylings. The basement serves as a more cost effective apartment option, and is home to the original three-brick-thick vault! The main floor generates $1100/month, the top floor $900 and the lower level $500, grossing $30K per year. Speaking as a long time resident of Bashaw, this is a no-brainer. Thanks to a fantastic location nestled between five much larger centres and a great school plus all the amenities a town needs, people come here for low cost living and commute if they have to until they find permanent options. As such, residential rentals are ALWAYS in demand! Lastly, The Co-operators Insurance is a fantastic tenant that has become a staple of the community and will be at this location for a long time should the new owner desire so.
Location
Province AB
County Camrose County
Zoning Commercial
Others
Restrictions None Known
Tax ID 57369376
Ownership Private
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