Address
101-215, 10118 100 Avenue, Peace River, AB
Price
$ 2,850,000
Property Attributes
- ID#A2021048
- TypeMulti-Family
- CityPeace River
- NeighbourhoodDowntown
- Postal CodeT8S 1R3
- Style
- Price$ 2,850,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage26600
Data Source:
Canadian Real Estate Association (CREA)
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 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 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 (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| Zoning Description | Mixed Commercial/Residentail |
| CommunityName | Downtown |
| Building Cooling Type | None |
| Parking Space Total | 37 |
| Foundation Type | Block,Poured Concrete |
| Building Type | Apartment |
| Ownership Type | Freehold |
| Building.StoriesTotal | 3 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air,Hot Water,Radiant heat |
| Building Heating Fuel | Natural gas |
| Construction Material | Poured concrete,Wood frame |
| Construction Style Attachment | Attached |
| Flooring Type | Carpeted,Laminate,Linoleum |
Exterior Features
| Exterior Finish | Concrete |
|---|
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in T8S 1R3
Price
Visits
Year Built
In The Neighbourhood
Peace River
$ 995,000
- Type
- Multi-Family
- Size
- 7,712 SqFt
- Rooms
- 0 Beds + 0 Baths
Royal LePage Valley Realty
Sylvan Lake
$ 799,000
- Type
- Multi-Family
- Size
- 2,304 SqFt
- Rooms
- 0 Beds + 0 Baths
Royal Lepage Network Realty Corp.
