pillar/IMG-A2227785_1.jpg
9 days on Market

5407 48 Ave #1-6, Forestburg, Alberta T0B1N0

In the same building:
-
Condo
-
-
~3082.00 sqft
$495,000
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Condo
-
-
~3082.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$160/sqft

Est. Mortgage$2,126/mo

Tax Amount (2024)$3,983/yr

Days On Market9 days


Description

Welcome to an excellent real estate investment opportunity! This 6-unit apartment building is located in the growing community of Forestburg and offers affordable housing for tenants. The showcased photos are of Unit 3, which has been recently renovated. The layout includes one 1-bedroom, 1-bathroom unit (Unit 1), while the remaining five units each feature 2 bedrooms and 1 bathroom. A shared mechanical room houses the hot water tanks, and there is one washer and one dryer available for tenant use. The building offers convenient dual access with both a front and rear main entrance, making it easy to reach any of the six units from either the street or the back of the property. At the rear, you'll find six dedicated gravel parking stalls, while additional street parking is available at the front.


Property Details

StyleOther
View-
Age of property1976
SqFt~3082.00 SqFt
Lot Size-
Parking Spaces6
MLS ®NumberA2227785
Community NameForestburg
Data SourcePILLAR 9
Listing byRealty Experts Group Ltd

Features

Heating: Boiler,Natural Gas

Parking

Garage spaces -

Garage type -

Total parking spaces 6


3Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jun 16, 2025
ListedActive
$495,000
9 days on market
history photo preview25
Listing by pillar 9®
Property listed by Realty Experts Group Ltd, Brokerage
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Population and Demographics

Overview

Total population 388
Average household income $105,591

Age (%)

65 and plus
29%
50 to 64
25%
0 to 19
18%
35 to 49
17%
20 to 34
11%

Household composition (%)

Single family
65%
Single person
34%
Multi person
1%
Multi family
0%

Mother tongue (%)

English
94%
French
3%
Others
3%

House tenancy (%)

Owners
91%
Renters
9%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget