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1-19 (no 3 or 13), 4940 49 Street, Rocky Mountain House
2025-06-26
Quick Summary
- Location
- 1-19 (no 3 or 13), 4940 49 Street, Rocky Mountain House, Alberta T4T1B6
- Price
- $2,490,777
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 6801 sqft
- Year of Construction:
- 1975
MLS®#A2234841
Property Description
Rare Investment Opportunity – MLI Select Approved Apartment Building in Rocky Mountain HouseDon’t miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House. With $1 million in high-quality renovations scheduled for completion by August 31, 2025 this 17-unit concrete and stone building is a rare MLI Select-approved asset—ideal for investors looking for long-term stability and superior returns of $20K/month with $125,000 down payment. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit, all under the expert care of an outstanding on-site manager. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use.Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Schools, Shopping
Building
- Construction Style: Attached
- Fireplace: No
- Interior Size: 6801 sqft
- Building Type: Apartment
- Stories: 1
Features
- Feature: Back lane
Land
- Land Size: Unknown
Ownership
- Type: Freehold
Zoning
- Description: Core Commercial
Information entered by Realty Executives Alberta Elite
Listing information last updated on: 2025-07-03 23:49:32
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How much could you save in commission selling with One Percent Realty?
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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.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
Yes, and yes.
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