$ 750,000
10709 108 AVE #1-6 Fairview, AB T0H 1L0
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$ 750,000
Est. payment | /mo
$ 750,000
Est. payment | /mo
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2142844
Year Built 2009
Lot Dimensions 121 x 133
Property Description
Your chance to become a commercial owner of a METICULOUSLY maintained 6-plex in a city with LIFT potential as Alberta continues to set migration records. Rental market in Fairview is extremely busy right now! This property is currently rented as an adult only/pet restricted building, with all units generating $1150/month + utilities as of September 1st, 2024. If you are looking for a solid building to park your money, there is no better property in terms of build quality and current condition than this one. This property is listed at $50,000 below appraised value... PER UNIT! Each unit has an above ground one-car garage, amazing sound proofing, and HVAC/laundry in-unit. Enjoy gas fireplaces, balcony's on each unit, open-concept, stainless appliances, and master ensuites. 3 units are 2 bed, 2 bath, and 3 units are 1 bed 1 den, 2 bath. Condo fees are $300/month and cover security, water, sewer, garbage, lawn care, exterior maintenance, and reserve fund contribution. The building has 30 year shingles! Fairview is a community that hosts 3 schools, a polytechnic university, hospital, seniors lodge and much more. All apartments are rented with the exception of one for showing purposes. Measurements are as per Condo documents. This is an attractive investment at $6900/month gross rent + utilities on a $750,000 purchase price.
Location
Province AB
County Fairview No. 136, M.d. Of
Zoning C-1 Residential Condomini
Interior
Heating Natural Gas
Inclusions Negotiable
Exterior
Fence None
Roof Type Asphalt Shingle
Lot Frontage 121.0
Total Parking Spaces 10
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
Others
HOA Fee Include Common Area Maintenance,Parking,Reserve Fund Contributions,Sewer,Snow Removal,Trash,Water
Restrictions Adult Living,Pet Restrictions or Board approval Required
Tax ID 57935906
Listed by Grassroots Realty Group Ltd.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "