$599,000
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4840 50 Avenue, Vermilion, AB T9X 1T6

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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 youre expanding your portfolio or searching for a stable mixed-use commercial building with historic appeal, the Imperial Block delivers both character and cash flow.

Listing By: Charlotte Smith - RE/MAX PRAIRIE REALTY cnpilar Realty.com
  • MLS® A2313796
  • Date Listed05/22/2026
  • Days on Realty 17 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.17 acres (7,200 sq. ft)
  • Subdivision NONE
  • County Vermilion River, County of
  • Year Built 1912

Interior Features

  • Cooling None
  • Heating Boiler, Forced Air, Natural Gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.17
  • Lot Size SQFT 7,200.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for T9X 1T6

Discover key demographics, population statistics, and environmental insights for the Vermilion, AB area.

Walkability in AB / T9X 1T6

Source: Walk Score

42/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

38/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 18/100, Transit Score: 0/100, Bike Score: 28/100.

Points of Interest near 4840 50 Avenue, Vermilion, AB T9X 1T6

Frequently Asked Questions for 4840 50 Avenue

Source: Realty.com

4840 50 Avenue, Vermilion, AB T9X 1T6 in NONE, Vermilion, AB T9X 1T6 is a mixed use listed at $599,000. Highlights include built in 1912, 0.17 acre lot. Realty.ca has 15 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 15 photos of 4840 50 Avenue.

Our records indicate that 4840 50 Avenue was built in 1912.

The full address for this home is 4840 50 Avenue, Vermilion, AB T9X 1T6.

4840 50 Avenue has been listed on Realty.com since Fri May 22, 2026

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 18/100, Transit Score: 0/100, Bike Score: 28/100.

Listing provided courtesy of: RE/MAX PRAIRIE REALTY (tel: 780-853-2120)
Listing agent: Charlotte Smith

This content last refreshed on 2026-06-08 06:27:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.