101-306, 5812 57 Avenue, Red Deer, AB T4N4S4
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101-306, 5812 57 Avenue, Red Deer, AB T4N4S4,Video Tour
101-306, 5812 57 Avenue, Red Deer, AB T4N4S4
101-306, 5812 57 Avenue, Red Deer, AB T4N4S4
101-306, 5812 57 Avenue, Red Deer, AB T4N4S4
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Larry Matira

Larry Matira

+1(403) 785-6838
$ 2,378,300
Est. payment /mo
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101-306, 5812 57 Avenue Red Deer, AB T4N4S4

8,412 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Approx. Sqft 8412

Square Footage 8,412 sqft

Price per Sqft $282

Subdivision Riverside Meadows

MLS® Listing ID A2355988

Year Built 1980

Lot Size 624 Sqft

Acres 624.0

Property Sub-Type Condo

Property Description

INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Interior

Heating , Other

Flooring Vinyl Plank

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 20

Garage No

Private Pool No

Building

Story 3

Others

Ownership Freehold

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Listed by RCR - Royal Carpet Realty Ltd.

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Larry Matira
Larry Matira

Agent License ID: 00587191

+1(403) 785-6838

www.larrymatirarealty.com/

Alberta

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101-306, 5812 57 Avenue