This cash-flowing 16-unit apartment complex generates $28,850 in gross monthly income and features eight 3-bedroom, 2.5-bath upper suites and eight 2-bedroom, 1-bath lower suites, offering a total of 15,096 sq. ft. of finished living space including the basement suites. Built in 2017, the property includes separate power meters for each unit and a common boiler providing heat and hot water for the entire complex. Ideally located just two blocks from the Lakeview Seniors Home, it offers strong potential for workforce housing in a high-demand area. The site provides 32 parking stalls in a central lot and sits adjacent to a large park and greenspace. Situated only 10 minutes north of Grande Prairie in Clairmont, the community offers a K-8 school, extensive paved trails, a skate park, splash park, and proximity to the Clairmont Industrial Park, home to hundreds of major industry service companies including Finning, Kenworth, Precision Well, Brandt, and Cummings. The complex is offered below its 2024 appraised value, and a CMHC broker has confirmed that an 85% loan-to-value mortgage may be achievable for qualified buyers with strong credit and a net worth of $750,000 or more. Seller financing is not available. A financial pro forma is available with a signed NDA, and showings will be arranged for qualified buyers! The property is fully occupied with no vacancy, and 3D tours for both upper and lower suites are included in the listing. (id:51989)
Features of 9503 112 Avenue
- MLS® Number A2273563
- Price $3,590,000
- Square Footage: 10288 sqft
- Property Type: Multi-Family
- Neigbourhood: Northfield Landing
- Parking Space Total 32
- Plan 1521678
- Structure Deck
Buildings
| Appliances | Refrigerator, Dishwasher, Stove, Washer & Dryer | Basement Type | Full |
| Constructed Date | 2017 | Construction Material | Poured Concrete, Wood Frame |
| Construction Style Attachment | Attached | Exterior Finish | Concrete |
| Flooring Type | Carpeted, Vinyl Plank | Foundation Type | Poured Concrete |
| Stories Total | 2 | Size Interior | 10288 Sqft |
| Total Finished Area | 10288 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | Mdr |
Agents and Offices
- Daniel Cram
- Office: Sutton Group Grande Prairie Professionals