4840 50 Avenue
Vermilion, Alberta, T9X1T6
For Sale | $599,000
Key facts
- Property type: Other
- Structure: Commercial Mix
- Transaction: For Sale
- Price: $599,000
- Interior size: 9,000 sqft
- Lot size: 7200.00
- Year built: 1912
- Listing key: 29799221
Listing overview
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...
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