$1,470,000
FOR SALE

Multiplex

5617 60 Av
Red Deer, AB T4N 4W2 | Riverside Meadows

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raventhorpe is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually . (id:47421)
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Listed By Sotheby's International Realty Canada
Data Provided By REALTORS® Association of Edmonton
MLS® Listing Number E4412750
Last Updated Dec 17, 2024
Property Summary
Property Type Multiplex

More like this:
Neighbourhood Riverside Meadows
Price History

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Detailed Information
Listing Contract Date 2024-11-03
Municipal ID ZZ999999999
# of Parking Spaces 12
Property Type Multi-family
Transaction Type For sale
Building
Constructed Date 1973
Land
Total Size 17124 square feet
Size of Irregular Land 17124

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