For sale

5617 60 Avenue , Red Deer, Alberta T4N 4W2

Description

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually . (id:51913)

Key Details

  Multi-Family
 4044.69 sqft

Price

$1,470,000

Property Features

  • MLS® Number A2175520
  • Price $1,470,000
  • Square Footage: 4044.69 sqft
  • Property Type: Multi-Family
  • Community Name: Riverside Meadows
  • Parking Space Total 12
  • Plan 0729407
  • Total Buildings 1

Buildings

Constructed Date 1973 Foundation Type Poured Concrete
Heating Fuel Natural Gas Heating Type Baseboard Heaters
Size Exterior 4044.69 Sqft Size Interior 4044.69 Sqft
Total Finished Area 4044.69 Sqft Type Multi-family

Land

Acreage No Size Depth 38.88 M
Size Frontage 41.93 M Size Irregular 17124.09
Size Total 17124.09 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) Size Total Text 17124.09 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Zoning Description R2

Agents and Offices

  • Kim Stubbs
  • Office: Sotheby's International Realty Canada
Address

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