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1-6, 10709 108 Avenue
Fairview (A2142844)

$750,000
6,864 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Your chance to become a commercial owner of a METICULOUSLY maintained 6-plex in a city with LIFT potential as Alberta continues to set migration records. Rental market in Fairview is extremely busy right now! This property is currently rented as an adult only/pet restricted building, with all units generating $1150/month + utilities as of September 2024. If you are looking for a solid building to park your money, there is no better property in terms of build quality and current condition than this one. This property is listed at $50,000 below appraised value... PER UNIT! Each unit has an above ground one-car garage, amazing sound proofing, and HVAC/laundry in-unit. Enjoy gas fireplaces, balcony's on each unit, open-concept, stainless appliances, and master ensuites. 3 units are 2 bed, 2 bath, and 3 units are 1 bed 1 den, 2 bath. Condo fees are $300/month and cover security, water, sewer, garbage, lawn care, exterior maintenance, and reserve fund contribution. The building has 30 year shingles! Fairview is a community that hosts 3 schools, a polytechnic university, hospital, seniors lodge and much more. All apartments are rented with the exception of one for showing purposes. Measurements are as per Condo documents. This is an attractive investment at $6900/month gross rent + utilities on a $750,000 purchase price.

Property details

Basic Info

MLS® #
A2142844
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
NONE
Price
$750,000
Sale/Lease:
For Sale
Size:
6,864 sq.ft.
Year Built:
2009 (15 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Building Name:
Fairvista Condominium
Garage:
No
Basement:
No
Inclusions:
Negotiable

Condo/Association Info

Condo Fee Includes:
Common Area Maintenance, Parking, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water

Lot / Land Info

Lot Dimensions:
121 x 133
Zoning:
C-1 Residential Condomini

Materials & Systems

Roof:
Asphalt Shingle
Foundation:
Poured Concrete
Heating:
Natural Gas

Listing Info

Possession:
Negotiable
Days on Market:
32
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