101-215, 10118 100 Avenue

Apartment For Sale in Downtown, Peace River

$2,850,000
  • 26,600 Sq. Ft.
  • Built 1984
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
Address 101-215, 10118 100 Avenue
List Price $2,850,000
Property Type Multi-Family
Type of Dwelling Apartment
Area Peace River
Sub-Area Downtown
Floor Area 26,600 Sq. Ft.
Year Built 1984
MLS® Number A2021048
Listing Brokerage Century 21 Town and Country Realty
Postal Code T8S1R3
Zoning Mixed Commercial/Resident

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Prestige Commercial Group

Remax Complete Realty

11450 29 St SE #201 Calgary Alberta T2Z 3V5

Office: 403-204-9323

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