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Property 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 15 – 1 bed units and 11 2 – bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 2 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $3790 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 are very particular in regards to tenants and currently have 3 vacant residential units that will be filled once a suitable tenant is found. 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. There is an upside to increase revenue with additional income from the 3 units and the 3500 sq ft of commercial space – potentially a 20%+ increase to the yearly revenue. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles – great for visitors or additional vehicles

Features
: 37
: Heated Garage, Titled, Secured, Varies By Unit
Address Map
CND
Alberta
Peace River
T8S1R3
100
10118
Avenue
0
W118° 42' 45.6''
N56° 14' 3.1''
MLS Addon
Century 21 Town and Country Realty
Andy Gauvreau
0
Cal Zone Springbank
2023-01-24
No
: Carpet, Linoleum, Laminate
: Block, Poured Concrete
No
: Natural Gas, Forced Air, Radiant, Hot Water, Boiler
0221702
2023-01-24 16:50:42
: Apartment
: Asphalt Shingle
1
Suite - None
24
101

Multi-family For Sale

10118 100 Avenue, Peace River, Alberta T8S1R3

26,600 Sqft
$2,850,000
MLS® Number #A2021048
Basic Details
Property Type : Multi-family
Listing Type : For Sale
MLS® Number : A2021048
Price : $2,850,000
Square Footage : 26,600 Sqft
Year Built : 1984
Agent info
Jeff Kushnir
Social Real Estate
Suite 500 - 5940 Macleod Trail SW
Contact Agent