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Listed price in listed location currency (CAD).
$575,000

0032

MLS® A2335823

Overview

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 16
Lot Size 0.43 Acres
Approx. Age 1962
MLS® Number A2335823

Property Address: 601 7 St E, Drumheller, AB, T0J0Y5

Average square foot calculated using Size range provided by listing agent.

Description

This is a fantastic opportunity to acquire a rare, well maintained commercial property with over 9, 000 square feet of space over three floors in a one-of-a-kind Drumheller location. What makes it rare? Occupying a corner lot in one of the town’s most popular riverside residential areas, the property is two blocks from primary traffic routes, a short distance from the downtown district, and immediately across the street from Drumheller’s two large senior’s lodges. Most commercial locations in Drumheller are highway or downtown retail, limiting both their desirability and their accessibility, making this opportunity very uncommon. This location creates unparalleled direct access to the surrounding residential community and the adjacent seniors population - ideal for medical, daycare or service related businesses. This community appeal is evidenced by the long-term main floor tenant, an Alberta Government family and community services centre. The tenanted floor of the building has been fully renovated, however the seller has delayed renovating the other two floors to allow buyers to explore the other usage opportunities that the large 18, 600 sq.ft (0.43 acre) lot provides. There's a TON of opportunity: - owner-specific renovations - tenant-specific renovation-to-suit requirements - conversion to up to 17 residential apartments / condos - residential conversion plus building expansion for a total of 29 units. So many options! Drumheller’s acute residential shortage makes this location also ideal for rental apartments or condominium conversion - providing a myriad of options for a savvy investor beyond the existing commercial and expansion possibilities. Preliminary discussions with the town planning department has shown strong support for residential conversion options. Ample municipal services are immediately adjacent to the property to accommodate any expanded requirements for residential use or for building expansion. Access is simple with entrances and wide staircases at either end of the building plus a chair-lift at the main entrance allowing those with mobility limitations access between floors. The roof is relatively new, and the building structure is solid, using dimensional lumber interior framing. Maintenance check and necessary inspections are regularly completed. High ceilings allow for easy servicing and cable/plumbing runs - if or as desired. This is a low-maintenance, extremely affordable, and easy to manage asset with huge potential. With windows replaced roughly 10 years ago, efficient forced air heating systems and cooling systems, upgraded 400amp electrical, ample parking, key community location, and enviable flexibility for a wide range of current and future usage options - this is a remarkable investment you don’t want to miss!
MLS® NumberA2335823
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1962
Basement
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air

Extras

Exterior shed, chair lift system in building

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $575,000

For Sale · 16 days

$575,000

MLS® A2335823

16 days ago

Not Sold Yet

August 2026, For Sale for $575,000

For Sale · 16 days

$575,000

MLS® A2335823

16 days ago

Not Sold Yet

June 2026, Expired for $575,000

Expired · 320 days

$575,000

MLS® A2247539

2 months ago

Canceled on Jun 26, 2026

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