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101-215, 10118 100 Avenue

Peace River T8S1R3

MLS® Number:  A2172417

Back to Downtown.   

  • Home \
  • Peace River \
  • Downtown. \
  • 101-215, 10118 100 Avenue

$ 2,400,000

0

BEDROOMS

0 + 0

BATHROOMS

32,080

SQUARE FEET

1984

YEAR BUILT

https://www.cirrealty.ca/reb/

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MLS® Number
A2172417
PROPERTY TYPE
Apartment
LISTING DATE
October-10-2024

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!!

COMMUNITY  Downtown.
PROPERTY TYPE  Apartment
BUILDING TYPE  Low Rise (2-4 stories)
STYLE  N/A
YEAR BUILT 1984
SQUARE FOOTAGE  32,080
BEDROOMS  0
BATHROOMS  0
BASEMENT 
AMENITIES 
APPLIANCES 
COOLING  None
FIREPLACE  N/A
FLOORING  Carpet, Laminate, Linoleum
HEATING  Boiler, Forced Air, Hot Water, Natural Gas, Radiant
LAUNDRY 
LOT FEATURES 
PARKING  Heated Garage, Secured, Titled, Varies by Unit
RESTRICTIONS  None Known
ROOF  Asphalt Shingle
TITLE  Fee Simple
BROKER  Century 21 Town and Country Realty

 

 

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Data supplied by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE MLS® System. CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®,CARA®,CREA®,RASCA®,LDAR® or RAE. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.Copyright [2024] by the REALTORS® Association of Edmonton. All Rights Reserved.