Spruce Grove, Alberta

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Courtesy of Pam Gill of Sutton Central Commercial Real Estate

5030 49 Avenue
Vegreville Vegreville T9C 1P3

$2,835,000
Multi-Family Commercial

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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4456393
Build. Type:
Freestanding
* Sold date and price are as reported on the RAE’s MLS® system
Located just 103 km east of Edmonton along Highway 16, Vegreville is a vibrant town in central Alberta known for its rich cultural heritage and welcoming community. With a population of over 6,000, Vegreville offers small-town charm with big opportunities. This beautifully maintained 3.5-storey wood frame complex combines charm, functionality, and long-term value. Durable gable roof replaced with upgraded hot water heating system. Newer hot water tank and boiler pumps. Each unit has been upgraded over the past few years. Excellent suite mix, 2-3 bedroom penthouse units with 1.5 bath, 15× 2 bedroom units 3x1 bedroom unit and one bachelor. Existing cap rate 5.98%, Gross Income over $ 264,000.
Property Type:
Multi-Family Commercial
Transaction Type:
For Sale
Lease Oper Costs Per Sq M:
$0
Price Per SqFt:
$132.08
Taxes:
Lot Area:
18,733 sq. ft.
Stories Total:
2
# of 2 Bedroom Apartments:
15
# of Units:
21
# of Other Units:
0
# of Studio Apartments:
0
# of Bachelor Apartments:
1
Year built:
1986 (Age: 39)
Bathrooms:
- (Full:-/Half:-)
Plan:
RN66
Building Type:
Freestanding, Low Rise (2-4 stories), Walk Up
Num. of Parcels:
1
Construction:
Wood Frame, See Remarks
Parking Space(s):
21
Vegreville
Private
Association Fee Frequency:
Association Fee Amount:
Seller Rights Reserved:
No
Zone:
Zone 60
Zoning:
Zone 60
Title to Land:
Fee Simple
Legal Lot:
13-15
LINC Number:
0013183249
Days On Website:
20 day(s)
  • Photo 1: 5030 49 Avenue: Vegreville Multi-Family Commercial for sale : MLS®# E4456393
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Data was last updated September 25, 2025 at 01:30 PM (UTC)
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
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Data last updated on September 25, 2025 at 01:30 PM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.