1-6, 10709 108 Avenue, Fairview, Alberta

$750,000

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About 1-6, 10709 108 Avenue

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 1st, 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.

Features of 1-6, 10709 108 Avenue

MLS® # A2142844
Price $750,000
Bathrooms 0.00
Acres 0.00
Year Built 2009
Type Commercial
Sub-Type Multi Family
Status Active

Community Information

Address 1-6, 10709 108 Avenue
Subdivision NONE
City Fairview
County Fairview No. 136, M.D. of
Province Alberta
Postal Code T0H 1L0

Amenities

Parking Spaces 10
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement No

Exterior

Roof Asphalt Shingle
Foundation Poured Concrete

Additional Information

Date Listed June 20th, 2024
Days on Market 139
Zoning C-1 Residential Condomini
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGrassroots Realty Group Ltd.

Listing Map