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$ 9,990,000
Est. payment /mo
Active
8420 99 AVE Peace River, AB T8S 1W3
1,324 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,324 sqft
Price per Sqft $7,545
Subdivision Rolling Hills
MLS Listing ID A2256213
Year Built 1989
Property Sub-Type Multi Family
Property Description
Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta's most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta's market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only.
Location
Province AB
Zoning Residential High Density
Interior
Heating Forced Air, Natural Gas
Inclusions 39 each of refrigerators, electric stoves, dishwashers, washers, dryers.
Fireplace No
Exterior
Roof Type Asphalt Shingle
Garage No
Building
Dwelling Type Townhouse
Others
Restrictions None Known
Virtual Tour https://youtu.be/IZ2IbtabRIM
Listed by Royal LePage Valley Realty