Peace River (Alberta, CA - T8S 1R3)

Maxwell Challenge Realty


Address: 10118 100 Avenue
Type: Commercial
Style:  Mixed Use, Commercial, Low Rise (2-4 stories)
Garage: "Total Parking: 29"
Year Built: 1984
MLS® #: A2020551

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

Exterior Finish: Construction Materials: Concrete, Wood Frame Exterior Finish: Foundation Details: Poured Concrete
Heating: Forced Air, Hot Water, Natural Gas, Radiant Construction Materials: Concrete, Wood Frame
Inclusions: Misc materials and equipment Parking Total : 29
Roof: Asphalt Shingle

Brokered and Advertised by:
   Century 21 Town and Country Realty

Information is deemed to be correct but not guaranteed.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.