Excellent investment opportunity with this fully occupied, 8-unit apartment building featuring 5 one-bedroom, one bath and, 3 studio suites. Fully renovated in 2024, including roof and mechanical systems. All suites have been fully updated with new kitchens, bathrooms, appliances, and drywall. Situated in a quiet safe neighborhood walking distance to shopping, banks, public transit, and everyday amenities, offering strong rental appeal. The desirable location and efficient unit mix provide solid income for investors seeking a turnkey multi-family property in a convenient, amenity-rich area. All units are rented with long-term tenants.
Essential information
MLS® number
A2326076
Status
Active
Price
$959,000
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Restrictions
None Known
Building area
5,760 sq ft
Year built
1968
Structure
Low Rise (2-4 stories)
Listing brokerage
ComFree
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
R4
Community
City
Wetaskiwin
Province
AB
Postal code
T9A 3N2
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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50 photos$999,9005230 44 Avenue, Spirit River
