10118 100 Avenue, Peace River, Alberta

$2,850,000

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About 10118 100 Avenue

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 15 - 1 bed units and 11 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 $3790 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 are very particular in regards to tenants and currently have 3 vacant residential units that will be filled once a suitable tenant is found. 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. There is an upside to increase revenue with additional income from the 3 units and the 3500 sq ft of commercial space - potentially a 20%+ increase to the yearly revenue. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles

Features of 10118 100 Avenue

MLS® # A2020551
Price $2,850,000
Bathrooms 0.00
Acres 0.00
Year Built 1984
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 10118 100 Avenue
Subdivision Downtown.
City Peace River
County Peace No. 135, M.D. of
Province Alberta
Postal Code T8S 1R3

Amenities

Parking Spaces 29
Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Hot Water, Natural Gas, Radiant
Cooling None
Fireplace No
Has Basement No

Exterior

Roof Asphalt Shingle
Construction Concrete, Wood Frame
Foundation Poured Concrete

Additional Information

Date Listed January 20th, 2023
Days on Market 484
Zoning Mixed Commercial/Resident
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Town and Country Realty

Listing Map

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