Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer, within walking distance of shopping, restaurants, transit, parks and trails. Built in 2016, the property consists of 18 two-bedroom units, 3 two-bedroom + den units and 3 one-bedroom units, with no suites located at or below ground level. Each suite features its own furnace, hot water tank, A/C, in-suite laundry, dishwasher, private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable, long-term tenant base. Current rents are below market, providing a purchaser with a strong opportunity to increase revenue and NOI within a newer, low-maintenance asset.
Essential information
MLS® number
A2336874
Status
Active
Price
$5,500,000
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Restrictions
None Known
Building area
9,505 sq ft
Lot size
18,406 sq ft
Year built
2014
Structure
Low Rise (2-4 stories)
Listing brokerage
Real Broker
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Included
24 - Fridges, Dishwashers, Washers, Dryers, Microwave Hood Fans, Electric Stoves, A/C Units. Security System with Cameras.
Exterior and construction
Roof
Asphalt Shingle
Foundation
Poured Concrete
Zoning
R-M
Community
Subdivision
RRSH
City
Red Deer
Province
AB
Postal code
T4N 3W2
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
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18 photos$5,600,0007504 Elbow Drive SW, Calgary
