Now available is a mixed use building with 26 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 16 - 1 bed units and 10 2 - bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 2 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $3790 per month between the two commercial tenants - the remaining spaces are 1600 and 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they are very particular in regards to tenants and currently have 3 vacant residential units that will be filled once a suitable tenant is found. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed but the secure and heated underground parking is available for tenants as well 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. There is an upside to increase revenue with additional income from the 3 units and the 3500 sq ft of commercial space - potentially a 20%+ increase to the yearly revenue. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles
Off market
Price Unknown
10118 100 Avenue 101 215 #101, Peace River, AB T8S 1R3
--beds
0baths
26,600sqft
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
C$--/sqft
$-- Estimated rent
What's special
Zillow last checked: 11 hours ago
Source: Century 21 Canada,MLS®#: A2021048

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Has Heating (Unspecified Type)
Features
- Has fireplace: Yes
Interior area
- Total structure area: 26,600
- Total interior livable area: 26,600 sqft
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1984
Community & neighborhood
Location
- Region: Peace River