$1,599,000

House For Sale In Parkvale, Red Deer, Alberta

$1,599,000

Property Information:

An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.

Inclusions: -

Building Features:

  • Total Finished Area: 8488.00

Property Features:

  • Built in: 1978
  • Floor Space (approx): 8488.00 Square Feet
  • Levels: Two
  • Lot Size: 12450.00 Square Feet
  • Zoning: R-D
  • No. of Parking Spaces: 8

Courtesy of: Grand Realty

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