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Renanza Realty
For sale

101-215, 10118 100 Avenue

Peace River, Alberta

MLS® A2264118

$1,999,900

Status
Active
Property type
Multi-family
MLS® number
A2264118
Bedrooms
Bathrooms
Year built
1984

Listing description

Now available is a mixed use building with 26 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 16 - 1 bed units and 10 2 - bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 3 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $5280 per month between the two commercial tenants - the remaining spaces are 1600 and 1900 sq ft approx and the commercial rents are all inclusive rents.

The building is self managed by the owner and they have been managing it for almost 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed but the secure and heated underground parking is available for tenants as well if desired - this is one of the few buildings in this municipality with secure underground parking. There is revenue from parking, laundry, commercial rents and residential rents with a very good return.

In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles.

Property summary

MLS® number
A2264118
Property type
Multi-family
Building type
Apartment
Square footage
31,185 sq ft
Title
Freehold
Built in
1984
Annual property taxes
$39,128.00
Parking
37 spaces · Garage, Heated Garage
Days on market
339 days

Features & details

Heating
Radiant heat, Forced air, Natural gas, Hot Water
Cooling
None
Flooring
Laminate, Carpeted, Linoleum
Exterior features
Concrete

What would this home cost you?

Based on the $1,999,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$9,305 /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 Century 21 Town and Country Realty, Peace River.

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.