$1,470,000

Commercial For Sale In Riverside Meadows, Red Deer, Alberta

$1,470,000

Property Information:

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .

Inclusions: Token operated Washers (2) and Dryers (2)

Property Features:

  • Built in: 1973
  • Floor Space (approx): 4044.69 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Baseboard, Boiler, Natural Gas
  • Lot Size: 17124.00 Square Feet
  • Property Access: Accessible to Major Traffic Route
  • Roof: Flat
  • Zoning: R2

Courtesy of: Sotheby's International Realty Canada

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
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