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Home AB Division No. 19 Peace River
8420 99 Avenue
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8420 99 Avenue $9,990,000
$9,990,000
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8420 99 Avenue
Peace River, Alberta T8S1W3

MLS® Number: A2256213

Listing Description

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only. (31114234)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Rolling Hills
Subdivision Name
Rolling Hills
Land Size
Unknown
Built in
1989
Annual Property Taxes
$96,851
Time on REALTOR.ca
95 days

Building

Heating & Cooling
Heating Type
Forced air, (Natural gas)

Measurements

Square Footage
1324 sqft
Total Finished Area
1324 sqft
Exterior Building Size
1324 sqft

Land

Other Property Information
Zoning Description
Residential High Density
Data provided by: Pillar 9™
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