MULTI-FAMILY PROPERTY IN OLDS, ALBERTA: A GREAT INVESTMENT OPPORTUNITY

Asking Price: $1,500,000
5314 46 Avenue Olds, AB Canada

About 5314 46 Avenue:

Welcome to this fantastic multi-family property located in Olds, Alberta, Canada. This property is a great investment opportunity for those looking to expand their real estate portfolio. The building is a multi-family unit that features 12 units, making it an ideal investment for those looking to generate rental income.

Built in 1994, this property has been well-maintained and features a total square footage of 12,600 sqft. The land size is 17,887.5 sqft, which is equivalent to 10,890 - 21,799 sqft (1/4 - 1/2 ac). The exterior of the building is finished in concrete and vinyl siding, giving it a modern and sleek appearance.

One of the key features of this property is its location. It is situated in a desirable area of Olds, surrounded by many amenities and conveniences. The property is located close to schools, parks, and shopping centers, making it an ideal location for families and individuals alike.

The property features 12 units, each with its own unique layout and design. The units range in size from one to three bedrooms, making them ideal for families of all sizes. The interior of each unit is well-appointed with high-quality finishes and modern appliances, ensuring that tenants will feel comfortable and at home.

The building is also equipped with a number of features that ensure the safety and security of tenants. These features include smoke detectors and a fire protection system, providing peace of mind for tenants and landlords alike.

In terms of parking, the property features a total of 22 parking spaces. This ensures that tenants have ample space to park their vehicles, making it a convenient and desirable place to live.

The building is constructed using poured concrete and wood frame, ensuring its durability and longevity. Its foundation is also made of poured concrete, providing a solid base for the building. The heating and cooling system is powered by natural gas and features in-floor heating and forced air, ensuring that tenants are comfortable year-round.

The exterior of the building is well-maintained and features a frontage of 33.53 m and a land depth of 53.34 m. This provides ample space for tenants to enjoy the outdoors, whether it be for relaxation or recreation.

This property is zoned as R3, providing a range of possibilities for future development. It is an ideal investment opportunity for those looking to expand their real estate portfolio in a desirable and sought-after location.

Annual property taxes for this property are $14,041.38 CAD, making it an affordable investment option for those looking to generate rental income.

In conclusion, this multi-family property located in Olds, Alberta, Canada is a fantastic investment opportunity for those looking to expand their real estate portfolio. Its desirable location, well-appointed units, and range of features make it an attractive option for tenants, ensuring a strong rental income for landlords. Don't miss out on the opportunity to own this fantastic property.

This property also matches your preferences:

Features of Property

Type of Real Estate

Multi-family

Type of Building

Multi-Family

Square Footage

12600 sqft

Land Size

17887.5 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)

Year Built

1994

Annual Property Taxes

$14,041.38 (CAD)

Number of Parking Spaces

22

This property might also be to your liking:

Features of Building

Building Features
Features

Back lane

Foundation

Poured Concrete

Construction Material

Poured concrete, Wood frame

Fire Protection

Smoke Detectors

Square Footage

12600 sqft

Total Finished Area

12600 sqft

Total Buildings

1

Heating & Cooling
Heating System

Other, Forced air, (Natural gas), In Floor Heating

Exterior Features
Exterior Finish

Concrete, Vinyl siding

Exterior Building Size

12600 sqft

Parking
Number of Parking Spaces

22

Plot Details

Lot Features
Frontage

33.53 m

Land Depth

53.34 m

Other Property Information
Zoning Description

R3

Property Agents

A.J. Barkman

RE/MAX ACA REALTY

BAY A1, 5018-57 AVENUE, OLDS, Alberta T4H1J1

Barry McCurdy

RE/MAX ACA REALTY

BAY A1, 5018-57 AVENUE, OLDS, Alberta T4H1J1

Based on this property you'll like these too: