pillar/IMG-A2192944_1.jpg
58 days on Market

2337 20 Ave #2-8, Bowden, Alberta T0M 0K0

In the same building:
-
Condo
-
-
~2936.00 sqft
$550,000
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Condo
-
-
~2936.00 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$187/sqft

Est. Mortgage$2,362/mo

Tax Amount (2024)$4,238/yr

Days On Market58 days


Description

Nestled in the quaint and quiet town of Bowden, this 7-suite apartment building is a rare find. Located within walking distance of local amenities, parks, arena and the k-12 school, this property is ideal for those seeking a tight-knit community vibe with all the conveniences of being located on the QE2 highway. This apartment is perfect for long-term tenants who enjoy a cozy and homely atmosphere. The building is currently occupied by long-term tenants, ensuring a stable and reliable rental income, with the manager living on site in one of the suites. The building has 3 studio apartments on the lower level, and 4- 2 bedroom suites located the the upper 2 floors. The top floor units have vaulted ceiling to create an even bigger feel. While the building is maintained, there is need for updates and modernization, offering an excellent opportunity for investors to increase the property's value and appeal. 10' x 10' shed with 6' roll up door. Building is no smoking and no pets. Tenants pay for power, telephone and cable. This property is perfect for investors seeking a stable income stream with the potential for future growth. Whether you're looking to expand your rental portfolio or make your first investment, this 7-suite apartment building in Bowden is a promising opportunity.


Property Details

StyleOther
View-
Age of property1968
SqFt~2936.00 SqFt
Lot Size-
Parking Spaces7
MLS ®NumberA2192944
Community NameBowden
Data SourcePILLAR 9
Listing byRE/MAX real estate central alberta

Features

Heating: Baseboard,Boiler,Natural Gas

Parking

Garage spaces -

Garage type -

Total parking spaces 7


2Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Feb 12, 2025
ListedActive
$550,000
58 days on market
history photo preview38
Listing by pillar®
Property listed by RE/MAX real estate central alberta, Brokerage
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Population and Demographics

Overview

Total population 990
Average household income $92,291

Age (%)

0 to 19
22%
50 to 64
22%
35 to 49
19%
65 and plus
19%
20 to 34
18%

Household composition (%)

Single family
56%
Single person
40%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
95%
Others
4%

House tenancy (%)

Owners
76%
Renters
24%

Schools and amenities

Estimated Budget