99 Avenue Unit 8420

For Sale New 4 Days
$9,990,000
beds
baths
1,324 Sqft

99 Avenue Unit 8420

For Sale New 4 Days
$9,990,000
beds
baths
1,324 Sqft

Highlights

Key insights

Description

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only. (id:63267)

Dale Espetveidt of Royal LePage Valley Realty,
#A2256213
updated 4 days ago.
Houseful checked MLS® for data 4 days ago.

Home overview

Amenities / Utilities
  • Heat source
    Natural gas
  • Heat type
    Forced air
Location
  • Subdivision
    Rolling hills
  • Directions
    1559924
Overview
  • Lot size (acres)
    0.0
  • Building size
    1324
  • Listing #
    A2256213
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28858021/8420-99-avenue-peace-river-rolling-hills
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-26,640

/ Month
25 Years fixed, 20% down payment, % interest
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