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$ 1,890,000
Est. payment | /mo
17,865 SqFt
$ 1,890,000
Est. payment | /mo
17,865 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 17,865 sqft
Price per Sqft $105
MLS® Listing ID A2228412
Year Built 1970
Source Alberta West REALTORS® Association
Property Description
Turnkey 18-Suite Apartment Building – Fully Rented & Income Generating | Prime Whitecourt Location.Investor's Dream – Strong Cash Flow + Long-Term Upside.Now is the time to diversify your portfolio with this rare, high-performing 18-unit multifamily asset located directly across from the Whitecourt Hospital and walking distance to the Allan & Jean Millar Centre. This fully tenanted building offers immediate income, long-term appreciation, and tax advantages—all in one solid investment. Property Features: 16 spacious 2-bedroom suites + 2 well-designed 1-bedroom suites. Fully occupied – consistent rental income from day one. New high-efficiency boiler installed in Sept 2022 – major capital upgrade complete. Excellent location with transit nearby, strong tenant demand. Well-maintained building with stable tenancy. Assumable CMHC-insured mortgage (~$1.286M) – obligation until 2033. Investment Highlights: Reliable monthly income + strong existing cash flow. Build equity while tenants pay down your mortgage. Hedge against inflation with real asset appreciation. Tax-efficient investment with depreciation benefits. Surging demand for rentals in healthcare & amenities-adjacent areas. Unlock Passive Income & Long-Term WealthWhether you're a seasoned investor or expanding your multifamily holdings, this income-generating property is a low-risk, high-reward opportunity. NO VTB (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by EXIT REALTY RESULTS
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Nest Real Estate Group
Real Estate Team | License ID: 139039