Listing Details
For more information on this listing or other please contact me.
Courtesy of Ryan Lefebvre of Coldwell Banker Lifestyle.
Data was last updated 2024-11-27 at 05:18:23 GMT
1001 13 ST Cold Lake, AB
$2,200,000
MLS®: E4392297
Introducing Northview Apartments, a prime investment opportunity nestled in the heart of Cold Lake, Alberta. This well-maintained 23-unit apartment complex offers a diverse suite mix catering to various tenant needs, including bachelor, one, two, and three-bedroom units. Built in 1981 on a spacious lot spanning 32,100 SF, the property boasts a favourable zoning designation of R4, ensuring flexibility for future development or expansion. With an attractive list price of under $100,000 per door, Northview Apartments presents investors with the potential to achieve a robust CAP rate exceeding 7.5%. Cold Lake boasts a strong economy driven by thriving industries such as oil and gas and the presence of Canadian Forces Base Cold Lake further solidifies rental demand, offering investors a reliable stream of income. With its affordable property prices compared to larger urban centers, Northview Apartments presents an enticing investment opportunity.
Listing Information
- Prop. Type:
- Multi-Family (Commercial)
- Status:
- Active
- City:
- Cold Lake
- MLS® Number:
- E4392297
- Neighbourhood:
- Cold Lake North
- Area:
- Cold Lake
- Province:
- AB
- Listing Price:
- $2,200,000
General Information
- Year Built:
- 1981
- Zoning/Land Use Code:
- For Sale
- Region:
- Cold Lake
Additional Information
- Plan:
- 7823247
- Legal Block:
- 13B
- Legal Lot/Unit:
- 1-4
Other Information
- Land Size Hectares:
- 0
- Building Type:
- Low Rise (2-4 stories), Walk Up
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This property is listed by Ryan Lefebvre of Coldwell Banker Lifestyle and provided here courtesy of
SUNNYSIDE REALTY LTD.
For more information or to schedule a viewing please contact SUNNYSIDE REALTY LTD.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.