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Investment signal

$660,000

67-71 Bridge Street

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Beds

—

Baths

—

Sqft

11,880

Year

1960

Type

Other

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Drumheller. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional commercial property, located in the heart of Drumheller, offers a lucrative investment opportunity. A generous 11,880 sqft of commercial space, providing ample room for various business ventures. Independent parking lot with 18 designated spaces, ensuring convenience for both clients and employees. Currently generating an annual rental income of $36,000, a testament to its value as a sound investment .Property tax and equipment & facility maintenance are the responsibility of the tenant. Strategically situated for optimal visibility and accessibility, attracting foot traffic and potential customers Commercial Zoning providing flexibility for different business types. 1.5 hours drive to Calgary (id:65958)

Subtype: Other
Structure: Commercial Mix
Community: Downtown Drumheller
Living area: 11,880 square feet
Parking: 18 total
On market: Sep 12, 2024
Status changed: Apr 25, 2026
Annual tax: $3,883 (2023)
Zoning: CB
Photos: 12
MLS#: A2164373
Area: DRUMHELLER

Features and systems

Heating

Forced airNatural gas

Exterior

Concrete

Construction

Poured concrete

Foundation

Poured Concrete

Negative cash flow ~$748/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.80%

Cap rate

3.50%

GRM

16.7

Break-even rent

$4,087

Financing

Down payment$132,000

Loan amount$528,000

Mortgage$2,675/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$303

Insurance$80

Maintenance$550

CapEx reserve$275

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,675/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 25, 2026.