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 16 - 1 bed units and 10 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 $3780 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 have been managing it for almost 20 years.. 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. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. Residential and commercial income in Aug 2024 was $25,500 +/- with 2 residential units vacant and 3500 sq ft of commercial space divided between 2 parcels vacant as well - this allows for potential income stream to increase substantially!! (id:47421)
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Detailed Information
Listing Contract Date
2024-10-10
Municipal ID
0026927367
Ownership Type
Freehold
# of Parking Spaces
37
Plan
0221702
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
Mixed Commercial/Residentail
Building
Constructed Date
1984
Construction Material
Poured concrete, Wood frame
Construction Style (Attachment)
Attached
Cooling Type
None
Exterior Finish
Concrete
Flooring Type
Carpeted, Laminate, Linoleum
Foundation Type
Block, Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air, Hot Water, Radiant heat
Stories Total
3
Total Finished Area
32080 sqft
Type
Apartment
Parking Spaces
Name
Spaces
Garage
Heated Garage
Land
Total Size
Unknown
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