Courtesy Of Ryan Lefebvre Of Coldwell Banker Lifestyle
About 1001 13 St
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.
Features of 1001 13 St
| MLS® # | E4392297 |
|---|---|
| Price | $2,200,000 |
| Square Footage | 14,500 |
| Acres | 0.00 |
| Year Built | 1981 |
| Type | Multi-Family Commercial |
Community Information
| Address | 1001 13 St |
|---|---|
| Area | Cold Lake |
| Subdivision | Cold Lake North |
| City | Cold Lake |
| Province | AB |
| Postal Code | T9M 1J2 |
Amenities
| Parking Spaces | 30 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Construction | Wood Frame |
|---|
Additional Information
| Date Listed | June 12th, 2024 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Ryan Lefebvre Of Coldwell Banker Lifestyle |
|---|