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50569 RGE RD 244
Beaumont Beaumont T4X 0P1

$2,700,000
Land Commercial

Courtesy of Rick B Goebel and Sharon M Josey of RE/MAX Real Estate
Main Photo: 50569 RGE RD 244: Beaumont Land Commercial for sale : MLS®# E4126306
Prop. Type:
Land Commercial
MLS® Num:
E4126306
Status:
Active
Build. Type:
See Private Remarks
**INVESTMENT OPPORTUNITY**Income producing property. Ideal location to run your business with great potential for a FUTURE SUBDIVISION. This 21 acre property was RECENTLY ANNEXED into the town of Beaumont for future COMMERCIAL & medium density RESIDENTIAL housing. The land use being a Direct Control District allows for the accommodation of a max of 4 DWELLINGS with the current monthly rental revenue being $7,750. Besides the main house, there are 3 RENTAL SUITES, 40x40 heated SHOP, 50x100 QUONSET, 40x70 BARN, plus a legal RV LOT. The main house was recently RENOVATED with 3,250 sq ft, offering 5 bdrms, 5 baths, a W/O bsmt, bsmt suite, a mobility elevator & all brick exterior. The 2ND RES: is UPGRADED with 3 bdrms, 3 baths & a one bdrm BSMT SUITE. The 3RD RES: Offers 3 bedrooms & 2.5 baths. The RV lot also generates income with the Barn & Quonset currently being used for indoor RV parking.
Transaction Type:
For Sale
Property Type:
Land Commercial, Multi-Family Commercial
Construction:
See Remarks
Building Type:
See Private Remarks
# Units:
0
Tot Pkg Spaces:
50
# Storeys:
1.0
Year built:
1979 (Age: 39)
Total Floor Area:
0 sq. ft.
Lot Area:
21.1 acre(s)
Land Use/Zoning:
DC
Plan:
8621006
Title to Land:
Fee Simple
LINC Number:
2222205394
Services Connected:
Cable, Electricity, Garbage Collection, Natural Gas
Water Supply:
Cistern
Sewer Septic:
Septic Tank & Field
Num. of Parcels:
1
Cap Rate %:
0.0
Gross Operating Income:
$118,200
Other Income:
$0
Effective Gross Income:
$118,200
Net Operating Income:
$74,800
Total Oper. Expenses:
$36,900
Tot Expenses:
$6,500
Entry date:
Aug 23, 2018
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Listing information last updated on August 24, 2018 at 06:30 PM (UTC)
CHERYL GAULDEN
Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.