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
$ 1,800,000
Est. payment | /mo
9,414 SqFt
$ 1,800,000
Est. payment | /mo
9,414 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,414 sqft
Price per Sqft $191
Subdivision Bowness
MLS Listing ID A2332521
Year Built 1992
Property Sub-Type Multi Family
Property Description
Fully renovated six-unit townhouse complex directly across from Bowness High School,now 100% occupied. Each unit is a 3-bedroom townhouse with undeveloped basement. Condo-titled structure. Currently renting at $1,800/month per unit,well below market rate supported by CMHC comps and current listings. With five of six leases expiring or renewing through 2027,there is a clear path to market-rate rents. The property was recently renovated back to the studs with no immediate capital expenditure required. Mortgage assumption at 4.7% fixed through June 2033 is required. Individual units are currently selling for much higher,and buyer could sell off individually at end of mortgage term to realise significant profit. Great buy and hold property. Financials and brochure available on request. Tours with an accepted offer.
Location
Province AB
County 0046
Area Cal Zone Nw
Zoning M-C1
Direction NW
Interior
Inclusions All appliances, fixtures, fittings and furnishings
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by KPLI Real Estate Corporation
Nearby Locations
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