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Listed price in listed location currency (CAD).
$599,000

000

MLS® A2313796

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 3
Lot Size 
Approx. Age 1912
MLS® Number A2313796

Property Address: 4840 50 Ave, Vermilion, AB, T9X1T6

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

Description

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.
MLS® NumberA2313796
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1912
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 25, 2026List Date
$599,000List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

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