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  • 1-16 2402 Pelican Close: Cold Lake Multi-Family Commercial for sale : MLS®# E4315023

    1-16 2402 Pelican Close Cold Lake Cold Lake T9M 0H3
    Main Photo: 1-16 2402 Pelican Close: Cold Lake Multi-Family Commercial for sale : MLS®# E4315023
    $2,950,000
    Multi-Family Commercial
    Courtesy of Bernard G Lefebvre of Coldwell Banker Lifestyle
    Status:
    Active
    MLS® Num:
    E4315023
    Build. Type:
    Multi Tenant/Multi Plex
    Floor Area:
    15,200 sq. ft.
    Excellent investment opportunity. This 16 unit apartment building which comes with a elevator and all the condo documents if you want to sell each unit in the future. The building is sprinklered and each unit has it's own furnace and hot water tank, large kitchen, in-suite laundry room, 2 bedrooms, full bath (8 with ensuite bathroom) and balcony. Excellent sound proofing and plenty of parking. The property comes with another parcel of shovel ready land to build another 16 units and the over size parking lot is completely ready for the next building. Total parking is 48 parking stalls (16 are titled separately). Turn key property with great income. More details
  • 1001 13 Street: Cold Lake Multi-Family Commercial for sale : MLS®# E4392297

    1001 13 Street Cold Lake Cold Lake T9M 1J2
    Main Photo: 1001 13 Street: Cold Lake Multi-Family Commercial for sale : MLS®# E4392297
    $2,200,000
    Multi-Family Commercial
    Courtesy of Ryan J Lefebvre of Coldwell Banker Lifestyle
    Status:
    Active
    MLS® Num:
    E4392297
    Build. Type:
    Low Rise (2-4 stories)
    Floor Area:
    14,500 sq. ft.
    Introducing Northview Apartments, a prime investment opportunity nestled in the heart of Cold Lake, Alberta. This well-maintained 23-unit apartment complex offers a diverse suite mix catering to various tenant needs, including bachelor, one, two, and three-bedroom units. Built in 1981 on a spacious lot spanning 32,100 SF, the property boasts a favourable zoning designation of R4, ensuring flexibility for future development or expansion. With an attractive list price of under $100,000 per door, Northview Apartments presents investors with the potential to achieve a robust CAP rate exceeding 7.5%. Cold Lake boasts a strong economy driven by thriving industries such as oil and gas and the presence of Canadian Forces Base Cold Lake further solidifies rental demand, offering investors a reliable stream of income. With its affordable property prices compared to larger urban centers, Northview Apartments presents an enticing investment opportunity. More details
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Data was last updated July 18, 2024 at 02:30 AM (UTC)
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