101-306, 5812 57 Avenue
Red Deer, Alberta
MLS® A2355988
$2,378,300
- Status
- Active
- Property type
- Multi-family
- MLS® number
- A2355988
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1980
Listing description
INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023).
All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall.
Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles.
Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward.
Property summary
- MLS® number
- A2355988
- Property type
- Multi-family
- Building type
- Apartment
- Size
- 8,412 sq ft
- Title
- Freehold
- Land size
- 624 square feet
- Built in
- 1980
- Annual property taxes
- $19,967.00
- Parking
- 20 spaces
- Days on market
- 3 days
Features & details
- Heating
- Natural gas, Other
- Flooring
- Vinyl Plank
- Appliances
- Refrigerator, Dishwasher, Stove
What would this home cost you?
Based on the $2,378,300 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RCR - Royal Carpet Realty Ltd., Red Deer.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.