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Renanza Realty
For sale

All, 302 1 Street SE

Falher, Alberta

MLS® A2273672

$700,000

Status
Active
Property type
Multi-family
MLS® number
A2273672
Bedrooms
Bathrooms
Year built
1964

Listing description

Investment opportunity with this 7-unit apartment building located in the community of Falher. The property offers a desirable mix of unit sizes, making it attractive to a broad range of tenants. The building includes five 3-bedroom, 1-bathroom units (Units 1, 2, 3, 4, and 7), each featuring its own dedicated laundry room, and two 1-bedroom, 1-bathroom units (Units 5 and 6) with coin laundry.

Additional building features include keyless entry for enhanced security and convenience, as well as separate storage rooms and coin laundry machines for tenant use. Several upgrades have already been completed, including replacement of all bottom-unit windows, adding value and peace of mind for future ownership. This apartment building provides strong rental income and is conveniently located near local amenities and services, making it an excellent opportunity for investors seeking stable returns and long-term growth.

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Property summary

MLS® number
A2273672
Property type
Multi-family
Building type
Apartment
Square footage
6,900 sq ft
Title
Freehold
Land size
0.56 acres
Built in
1964
Annual property taxes
$10,527.00
Parking
5 spaces
Days on market
262 days

Features & details

Appliances
Refrigerator, Stove, Washer & Dryer

What would this home cost you?

Based on the $700,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,257 /mo

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Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Sutton Group Grande Prairie Professionals, Grande Prairie.

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.