Rare Investment Opportunity – Fully Renovated Apartment Building in Rocky Mountain HouseDon’t miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House with potential to add 2 more stories! With $1 million in high-quality renovations, this 17-unit concrete and stone building is a rare asset—ideal for investors looking for long-term stability and returns. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use.Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. (id:51989)
Features of 1-19 (No 3 Or 13), 4940 49 Street
- MLS® Number A2234841
- Price $2,490,777
- Square Footage: 6801 sqft
- Property Type: Apartment
- Community Name: Rocky Mtn House
- Amenities Near By Schools, Shopping
- Community Features Pets Not Allowed
- Features Back Lane
- Parking Space Total 30
- Plan 101aj
Buildings
| Constructed Date | 1975 | Construction Style Attachment | Attached |
| Stories Total | 1 | Size Interior | 6801 Sqft |
| Total Finished Area | 6801 Sqft | Type | Apartment |
Parking
| Other |
Land
| Acreage | No | Fence Type | Not Fenced |
| Land Amenities | Schools, Shopping | Size Total Text | Unknown |
| Zoning Description | Core Commercial |
Agents and Offices
- Bryce Kander
- Penny Kander
- Office: Realty Executives Alberta Elite