8420 99 AVE, Peace River, AB T8S 1W3
8420 99 AVE, Peace River, AB T8S 1W3
8420 99 AVE, Peace River, AB T8S 1W3
8420 99 AVE, Peace River, AB T8S 1W3
8420 99 AVE, Peace River, AB T8S 1W3
8420 99 AVE, Peace River, AB T8S 1W3
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Susan Cramer

Susan Cramer

+1(403) 863-4866
$ 9,990,000
Est. payment | /mo

1,324 SqFt

Save Virtual Tour
$ 9,990,000
Est. payment | /mo
Save Virtual Tour

1,324 SqFt

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

County 0246

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
Susan Cramer

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 863-4866

susan-cramer@coldwellbanker.ca

7100 - 35468 Range Road 30, Red Deer County, AB T4G 0M3, CAN

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8420 99 AVE