$1,419,879
$1,360,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
7,342 SqFt
SOLD DATE : 03/26/2025
Key Details
Sold Price $1,419,879
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,342 sqft
Price per Sqft $193
Subdivision Waskasoo
MLS® Listing ID A2179270
Sold Date 03/26/25
Style Apartment-Low-Rise (1-4)
Originating Board Central Alberta
Year Built 1963
Annual Tax Amount $13,909
Tax Year 2024
Lot Size 10,000 Sqft
Acres 0.23
Lot Dimensions 50' x 199.87
Property Sub-Type Apartment
Property Description
If you're looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. New hot water tank. Building has a zero lot line and a parking stall with 19 spaces.
Current gross income is at $10,320 with room for growth. Several long term tenants.
Location
Province AB
County Red Deer
Zoning R3
Interior
Heating Baseboard, Boiler, Hot Water
Cooling None
Flooring Carpet, Linoleum, Vinyl Plank
Appliance Dryer, Refrigerator, Stove(s), Washer
Laundry In Basement
Exterior
Parking Features Alley Access, Paved, Stall
Garage Description Alley Access, Paved, Stall
Fence None
Community Features Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Amenities Available Coin Laundry, Parking
Porch Balcony(s)
Total Parking Spaces 19
Building
Lot Description Back Lane, Near Public Transit, Near Shopping Center, Street Lighting
Story 4
Sewer Public Sewer
Water Public
Architectural Style Apartment-Low-Rise (1-4)
Others
Restrictions None Known
Tax ID 91310436
Ownership Private
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