AB > Peace River > Downtown
Peace River, AB T8S1R3,10118 100 AVE #101-215
Peace River, AB T8S1R3,10118 100 AVE #101-215
Peace River, AB T8S1R3,10118 100 AVE #101-215
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$2,400,000
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32,080 SqFt
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10118 100 AVE #101-215 Peace River, AB T8S1R3

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Vikram Punia

Vikram Punia

+1(587) 839-9620

UPDATED:

10/10/2024 11:40 PM

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 32,080 sqft

Price per Sqft $74

Subdivision Downtown

MLS® Listing ID A2172417

Originating Board Grande Prairie

Year Built 1984

Annual Tax Amount $39,128

Tax Year 2024

Property Description

Now available is a mixed use building with 26 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 16 - 1 bed units and 10 2 - bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 2 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $3780 per month between the two commercial tenants - the remaining spaces are 1600 and 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they have been managing it for almost 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed but the secure and heated underground parking is available for tenants as well if desired - this is one of the few buildings in this municipality with secure underground parking. There is revenue from parking, laundry, commercial rents and residential rents with a very good return. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. Residential and commercial income in Aug 2024 was $25,500 +/- with 2 residential units vacant and 3500 sq ft of commercial space divided between 2 parcels vacant as well - this allows for potential income stream to increase substantially!!

Location

Province AB

County Peace No. 135, M.d. Of

Zoning Mixed Commercial/Resident

Interior

Heating Boiler, Forced Air, Hot Water, Natural Gas, Radiant

Cooling None

Flooring Carpet, Laminate, Linoleum

Inclusions Existing Fridges, Range, Dishwasher, Coin op Washers Dryers Furnishings in furnished units

Exterior

Parking Features Heated Garage, Secured, Titled, Varies by Unit

Garage Description Heated Garage, Secured, Titled, Varies by Unit

Roof Type Asphalt Shingle

Total Parking Spaces 37

Building

Story 3

Foundation Block, Poured Concrete

Level or Stories Multi Level Unit

Structure Type Concrete,Wood Frame

Others

Restrictions None Known

Ownership Private

Listed by Century 21 Town and Country Realty

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Vikram Punia

+1(587) 839-9620

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10118 100 AVE #101-215