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5 days on Market

5617 60 Ave, Red Deer, Alberta T4N 4W2

$1,470,000
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Townhouse
-
-
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$6,313/mo

Tax Amount (2024)$12,814/yr

Days On Market5 days


Description

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .


Property Details

StyleOther
View-
Age of property1973
SqFt-
Lot Size-
Parking Spaces12
MLS ®NumberA2175520
Community NameRiverside Meadows
Data SourcePILLAR 9

Features

Heating: Baseboard,Boiler,Natural Gas

Parking

Garage spaces -

Garage type -

Total parking spaces 12


Property History

Now
ListedFor Salefor$1,470,000Active
5 days on market
Listing by pillar®
history photo preview31
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Property listed by Sotheby's International Realty Canada, Brokerage
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