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25
See all 25 photos
$2,400,000
Est. payment /mo
32,080 SqFt
Active
101-215, 10118 100 Avenue Peace River, AB T8S1R3
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 32,080 sqft
Price per Sqft $74
Subdivision Downtown
MLS® Listing ID A2172417
Originating Board Grande Prairie & Area Association of REALTORS®
Year Built 1984
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:24570)
Location
Province AB
Interior
Heating Forced air, Hot Water, , Radiant heat
Cooling None
Flooring Carpeted, Laminate, Linoleum
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 37
Private Pool No
Building
Story 3
Others
Ownership Freehold
Listed by Century 21 Town and Country Realty