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 3 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $5280 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. (id:53430)
Building
- Property Type:
- Apartment
- Building Type:
- Apartment
- Year Built:
- 1984
- Stories:
- 3.0
Finished Areas
- Interior Size (Total):
- 31185 square feet
- Above Grade:
- 31185 square feet
Interior
- Flooring:
- Laminate, Carpeted, Linoleum
Parking
- Spaces:
- 37
- Features:
- Garage, Heated Garage
Exterior
- Exterior Features:
- Concrete
- Construction:
- Poured concrete, Wood frame
- Foundation:
- Block, Poured Concrete
Utilities & Mechanical
- Heating:
- Radiant heat, Forced air, Natural gas, Hot Water
- Cooling:
- None
Fees & Dates
- Property Taxes:
- $39,128
- Tax Year:
- 2024
- Last Modified:
- 08/06/2026 03:40:01 PM
- Status Change:
- 08/06/2026 03:32:49 PM
Association / Ownership
- Common Interest:
- Freehold
Location
Data is supplied by Pillar 9 MLS® System. Pillar 9 is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.