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101-215, 10118 100 Avenue, Peace River
2024-10-10
Quick Summary
- Location
- 101-215, 10118 100 Avenue, Peace River, Alberta T8S1R3
- Price
- $2,400,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 32080ft2
- Year of Construction:
- 1984
MLS®#A2172417
Property Description
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 $3780 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 have been managing it for almost 20 years.. 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. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. Residential and commercial income in Aug 2024 was $25,500 +/- with 2 residential units vacant and 3500 sq ft of commercial space divided between 2 parcels vacant as well - this allows for potential income stream to increase substantially!! (id:32467)
Property Features
Building
- Construction Style: Attached
- Cooling Type: None
- Exterior Finish: Concrete
- Fireplace: No
- Flooring Type: Carpeted, Laminate, Linoleum
- Interior Size: 32080 sqft
- Building Type: Apartment
- Stories: 3
Land
- Land Size: Unknown
Ownership
- Type: Freehold
Zoning
- Description: Mixed Commercial/Residentail
Information entered by Century 21 Town and Country Realty
Listing information last updated on: 2024-10-10 22:52:40
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
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We charge a total of $7,950 for properties under $700,000. For properties over $700,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
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