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1-6, 321-323 6 Avenue E, Hanna

$445,000

About this property

This well-built 6-plex offers investors and owner-occupants a rare opportunity to acquire a stable, income-generating asset in the quiet community of Hanna, Alberta. Built in 1976 on a durable poured concrete foundation with a tar and gravel roof (recently inspected), the building features six two-bedroom units, each offering 1,008 square feet of living space across two levels, with three distinct floor plans: matching layouts in the two corner units, mirrored layouts in the opposite corner units, and a separate layout shared by the two centre units. Every unit has its own private entrance and balcony, and the building includes 6 stoves, 5 refrigerators, 5 washers, 6 dryers, and off-street parking for tenants. Some units have received recent updates. With 4 of 6 units currently rented and generating steady cash flow, this is an excellent opportunity for an investor looking to acquire a partially performing asset with room to increase income by leasing up the remaining units, or for an owner-occupant looking to live in one unit while offsetting their mortgage with rental income from the rest. Note that one unit has water damage resulting from a frozen water line and will require repair; buyers should factor this into their offer and are encouraged to complete their own due diligence and inspection. Call today to book a showing or request more information. (Pictures of interior of some units to follow shortly.)

Essential information

MLS® number
A2336073
Status
Active
Price
$445,000
Property type
Multi-Family
Type
Apartment
Transaction
For Sale
Living area
3,024 sq ft
Year built
1976
Structure
Low Rise (2-4 stories)
Listing brokerage
eXp Realty
Source
Pillar 9™ MLS® System

Condominium

Restrictions
None Known

Interior

Appliances
See Remarks

Exterior and construction

Zoning
R3

Parking

Total parking
16

Community

City
Hanna
County
SA2
Province
AB
Postal code
T0J1P0

Where it is

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Approximate location, plotted from the listing’s own coordinates.

Investment calculator

Cap rate, cash flow and the coverage ratio a commercial lender will look at first.

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The purchase

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The building

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MLS® data last updated Nov 8, 2026, 12:50 a.m. (Mountain Time).

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