Property Details

8420 99 Avenue
Peace River (A2256213)

$9,990,000
1,324 ft²
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* Amounts are estimates only. Final payment amounts may vary.

Description

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only.

Property details

Basic Info

MLS® #
A2256213
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Rolling Hills
Price
$9,990,000
Sale/Lease:
For Sale
Size:
1,324 sq.ft.
Year Built:
1989 (36 years old)

Building Info

Structure Type:
Townhouse
Garage:
No
Fence:
Basement:
No
Inclusions:
39 each of refrigerators, electric stoves, dishwashers, washers, dryers.

Lot / Land Info

Zoning:
Residential High Density

Materials & Systems

Roof:
Asphalt Shingle
Heating:
Forced Air, Natural Gas

Listing Info

Possession:
Negotiable
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Your Agent
  • Donna Wilson

    Sutton Group - Grande Prairie Professionals
    780-228-2224

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