AB > Peace River > Downtown
Peace River, AB T8S1R3,10118 100 AVE #101-215
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Peace River, AB T8S1R3,10118 100 AVE #101-215
Peace River, AB T8S1R3,10118 100 AVE #101-215
Peace River, AB T8S1R3,10118 100 AVE #101-215
Peace River, AB T8S1R3,10118 100 AVE #101-215
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Brad McCallum

Brad McCallum

+1(587) 441-4045
$ 1,999,900
Est. payment /mo
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Price Dropped by $400K

10118 100 AVE #101-215 Peace River, AB T8S1R3

32,080 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Approx. Sqft 32080.0

Square Footage 32,080 sqft

Price per Sqft $62

Subdivision Downtown

MLS Listing ID A2172417

HOA Y/N No

Year Built 1984

Property Sub-Type Apartment

Property Description

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 as of May 2025 was ~$29,000 +/- with no residential units vacant and 3500 sq ft of commercial space divided between 2 parcels vacant - this allows for potential income stream to increase substantially!!

Location

Province AB

County 0246

Zoning Mixed Commercial/Resident

Interior

Heating Boiler, Forced Air, Hot Water, Natural Gas, Radiant

Cooling None

Flooring Carpet, Laminate, Linoleum

Inclusions Existing Fridges, Range, Dishwasher, Coin op Washers Dryers Furnishings in furnished units

Fireplace No

Exterior

Parking Features Heated Garage, Secured, Titled, Varies by Unit

Roof Type Asphalt Shingle

Total Parking Spaces 37

Garage No

Building

Dwelling Type Low Rise (2-4 stories)

Story 3

Foundation Block, Poured Concrete

Level or Stories Multi Level Unit

New Construction No

Others

Restrictions None Known

Listed by Century 21 Town and Country Realty
agent

Brad McCallum

+1(587) 441-4045

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10118 100 AVE #101-215