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Investment signal

$139,900

899 3 Avenue W

Save this home

Beds

2

Baths

2

Sqft

Year

1932

Type

Single Family

Suite

Investment signal

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

Quaint bungalow located just across the street from a park/playground within parameters of downtown Drumheller. With some sweat equity, you can add your own personal touch and make this home your own. This affordably priced home features two bedrooms, two bathrooms, large living room area and quaint kitchen. An added bonus is the single detached garage. Would make a great revenue property for your portfolio. Quick Possession preferred (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Downtown
Common interest
Freehold
Living area
962 square feet
Lot size
5,668 square feet
Lot dimensions
5668.00
Bedrooms
2 above grade, 0 below grade
Parking
2 total
Stories
1
On market
Mar 6, 2026
Status changed
Apr 22, 2026
Annual tax
$1,749.21 (2025)
Zoning
ND
Photos
16
MLS#
A2291328
Area
DRUMHELLER

Features and systems

Parking

Detached Garage

Basement

UnfinishedPartial

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave Range Hood Combo

Heating

Forced airNatural gas

Cooling

None

Flooring

LaminateLinoleum

Foundation

Poured ConcreteSee Remarks

Lot

No Smoking Home
Positive cash flow ~$919/mo at these assumptions

Cash on cash

39.41%

Cap rate

12.75%

GRM

6.1

Break-even rent

$933

Financing

Down payment$27,980
Loan amount$111,920
Mortgage$567/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$64
Insurance$80
Maintenance$117
CapEx reserve$58
Vacancy loss$95

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 $567/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 22, 2026.

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