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 15 - 1 bed units and 11 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 $3790 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 are very particular in regards to tenants and currently have 3 vacant residential units that will be filled once a suitable tenant is found. 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. There is an upside to increase revenue with additional income from the 3 units and the 3500 sq ft of commercial space - potentially a 20%+ increase to the yearly revenue. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Total Area
26,600 ft2
Listing Contract Date
2023-01-20
Municipal ID
0026927367
Ownership Type
Freehold
# of Parking Spaces
29
Plan
0221702
Property Type
Other
Transaction Type
For sale
Zoning Description
Mixed Commercial/Residential
Building
Constructed Date
1984
Construction Material
Poured concrete, Wood frame
Cooling Type
None
Exterior Finish
Concrete
Fire Protection
Smoke Detectors
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air, Hot Water, Radiant heat
Size (Exterior)
26600 square feet
Total Finished Area
26600 sqft
Type
Commercial Mix
Land
Total Size
Unknown
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