JN REAL ESTATE GROUP

Downtown

FOR SALE

$1,999,900

PURCHASE PRICE

101-215, 10118 100 Avenue , Peace River · T8S1R3

APARTMENT · 31,185 SQFT · BUILT 1984

MLS A2264118 · 297 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

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.

DETAILS

TRANSACTION

TRANSACTION
For Sale

INTERIOR

LIVING AREA (SQFT)
31,185
FLOORING
Carpet · Laminate · Linoleum

BUILDING

TYPE
Apartment
YEAR BUILT
1984
NEW CONSTRUCTION
No
CONSTRUCTION
Concrete · Wood Frame
ROOF
Asphalt Shingle
FOUNDATION
Block · Poured Concrete
STOREYS
3

PARKING

TOTAL PARKING
37
PARKING
Heated Garage · Secured · Titled · Varies by Unit

COMMUNITY

COMMUNITY
Downtown
ZONING
Mixed Commercial/Resident
POSTAL CODE
T8S1R3

UTILITIES & COSTS

HEATING
Boiler · Forced Air · Hot Water · Natural Gas · Radiant
COOLING
None
ANNUAL TAXES
$39,128

LISTING COURTESY OF ANDY GAUVREAU · CENTURY 21 TOWN AND COUNTRY REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.