See all 25 photos
25 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,999,900
Est. payment /mo
31,185 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Approx. Sqft 31185
Square Footage 31,185 sqft
Price per Sqft $64
Subdivision Downtown
MLS® Listing ID A2264118
Year Built 1984
Property Sub-Type Condo
Property Description
Now available is a mixed use building with 27 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 12 - 1 bed units and 10 - 2 bed units and 4 bachelor suites There are 4 commercial spaces on the main floor with 3 currently leased to professional corporations, one an engineering firm, a spa business and a medical clinic, with a total rent of $5280 per month between the two commercial tenants - the remaining space is about 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they have been managing it for 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed with a secure and heated underground parking available for tenants 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. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. This is been sold with all units under one titled owner as of Nov 1 2026 (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air, Hot Water, , Radiant heat
Cooling None
Flooring Carpeted, Laminate, Linoleum
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 37
Garage Yes
Private Pool No
Building
Story 3
Others
Ownership Freehold
Read Less Info
Listed by Century 21 Town and Country Realty
Nearby Locations
GET MORE INFORMATION