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$1,890,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2228412
Year Built 1970
Annual Tax Amount $24,893
Tax Year 2025
Property Sub-Type Multi Family
Source Alberta West Realtors Association
Property Description
Turnkey 18-Suite Apartment Building – Fully Rented & Income Generating | Prime Whitecourt Location.
Investor's Dream – Strong Cash Flow + Long-Term Upside.
Now is the time to diversify your portfolio with this rare, high-performing 18-unit multifamily asset located directly across from the Whitecourt Hospital and walking distance to the Allan & Jean Millar Centre. This fully tenanted building offers immediate income, long-term appreciation, and tax advantages—all in one solid investment.
Property Features:
16 spacious 2-bedroom suites + 2 well-designed 1-bedroom suites.
Fully occupied – consistent rental income from day one.
New high-efficiency boiler installed in Sept 2022 – major capital upgrade complete.
Excellent location with transit nearby, strong tenant demand.
Well-maintained building with stable tenancy.
Assumable CMHC-insured mortgage (~$1.286M) – obligation until 2033.
Investment Highlights:
Reliable monthly income + strong existing cash flow.
Build equity while tenants pay down your mortgage.
Hedge against inflation with real asset appreciation.
Tax-efficient investment with depreciation benefits.
Surging demand for rentals in healthcare & amenities-adjacent areas.
Unlock Passive Income & Long-Term Wealth
Whether you're a seasoned investor or expanding your multifamily holdings, this income-generating property is a low-risk, high-reward opportunity.
Investor's Dream – Strong Cash Flow + Long-Term Upside.
Now is the time to diversify your portfolio with this rare, high-performing 18-unit multifamily asset located directly across from the Whitecourt Hospital and walking distance to the Allan & Jean Millar Centre. This fully tenanted building offers immediate income, long-term appreciation, and tax advantages—all in one solid investment.
Property Features:
16 spacious 2-bedroom suites + 2 well-designed 1-bedroom suites.
Fully occupied – consistent rental income from day one.
New high-efficiency boiler installed in Sept 2022 – major capital upgrade complete.
Excellent location with transit nearby, strong tenant demand.
Well-maintained building with stable tenancy.
Assumable CMHC-insured mortgage (~$1.286M) – obligation until 2033.
Investment Highlights:
Reliable monthly income + strong existing cash flow.
Build equity while tenants pay down your mortgage.
Hedge against inflation with real asset appreciation.
Tax-efficient investment with depreciation benefits.
Surging demand for rentals in healthcare & amenities-adjacent areas.
Unlock Passive Income & Long-Term Wealth
Whether you're a seasoned investor or expanding your multifamily holdings, this income-generating property is a low-risk, high-reward opportunity.
Location
Province AB
County Woodlands County
Zoning R-4
Interior
Inclusions 18 fridges, 18 stoves, 3 washers, 3 dryers (washers and dryers are on tokens)
Others
Restrictions None Known
Tax ID 56631976
Ownership Private
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Listed by EXIT REALTY RESULTS