Property Details

3430 49 Avenue
Red Deer (A2336874)

$5,500,000
9,505 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer, within walking distance of shopping, restaurants, transit, parks and trails. Built in 2016, the property consists of 18 two-bedroom units, 3 two-bedroom + den units and 3 one-bedroom units, with no suites located at or below ground level. Each suite features its own furnace, hot water tank, A/C, in-suite laundry, dishwasher, private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable, long-term tenant base. Current rents are below market, providing a purchaser with a strong opportunity to increase revenue and NOI within a newer, low-maintenance asset.

Property details

Basic Info

MLS® #
A2336874
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
South Hill
Price
$5,500,000
Sale/Lease:
For Sale
Size:
9,505 sq.ft.
Year Built:
2014 (12 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
24 - Fridges, Dishwashers, Washers, Dryers, Microwave Hood Fans, Electric Stoves, A/C Units. Security System with Cameras.

Lot / Land Info

Lot Size:
0 acres
Zoning:
R-M

Materials & Systems

Roof:
Asphalt Shingle
Foundation:
Poured Concrete
Heating:
Forced Air, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
60 Days / Neg
Days on Market:
44
Your Realtor
  • Yuri Smith

    Grassroots Realty Group Ltd.
    587-777-7276

    Email

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