Dedication | Focus | Loyalty
Active
$1,999,900
101-215, 10118 100 Avenue
Downtown, Peace River
MLS® #A2264118
- 31,185 Sqft
- Built 1984
- Multi-family
- ✓ 37+ Parking Spaces
- ✓ Air Conditioning
- ✓ Spacious Layout
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 3 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $5280 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. (id:66619)
Features
Interior
31,185 sqft
Parking
37 spaces
Heating
Radiant heat, Forced air, Natural gas, Hot Water
Cooling
None
Year Built
1984
Location
Nearby schools, walkability, and amenity information is not yet available for this listing.
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Your down payment is under 20%, so mortgage default insurance (e.g. CMHC) will apply — this adds a premium to your mortgage amount, not included in the estimate above. Ask Kirsten or Dius, or check our Resources page, for more information or for help connecting with a mortgage professional for an exact figure.
This is an estimate for illustration purposes only, using standard Canadian mortgage calculation (semi-annual compounding). It does not include property taxes, insurance, mortgage default insurance premiums, or closing costs. Contact a mortgage professional for an accurate quote based on your specific situation.
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Contact Kirsten Bernal for more information or to arrange a showing.
Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.