Excellent Project for a Condo Conversion!

11224 - 116 Street - Citadel IV T5G2W1 :

Main Photo: Excellent Project for a Condo Conversion!banner
$1,875,000
Prop. Type:
Business with Property
MLS® Num:
E1002719
Status:
Sold
4 Storey, Wood frame construction, 29 Suite Multi Family Walk Up Project built in 1981. The project has excellent curb appeal. All of the suites are above grade; each have either a large balcony or a walk out patio. Each unit has a Fridge, Stove, Dishwasher & Intercom. There is an excellent mix of 17 large one bdrm stes & 12 large two bdrm stes. The floor plans are excellent floor & there is plenty of storage within the units. There is also a large room on each floor presently used for storage which could be used as amenity rooms in the future. The Asphalt Shingle roof is only 6 yrs old & has a 25 year warranty. Hot Water Htg for units plus Forced Air Heating for pressurized Hallways. There are all metal door frames, solid core hallway doors, metal clad windows and patio doors, and a foamcrete floor system. Most suites have been beautifully upgraded recently. 1 & 2 bdrm units acroos the street have sold for $148-180,000! Actual vacancy is less than 1%. This is a premium project - Pride of Ownership is evident. Financing at 4.94% can be assumed with qualification. There is an excellent, long term, on-site Mgr who manages it for the out of town Owner without a Mgmt Company. Close to all amenities; new com construction; walk to Downtown, NAIT, G.MacEwan College, RA Hospital, 3 Shopping Centres; across the streeet from a School/Park; near old Industrial Airport designated for new Commercial Construction; etc. If you are looking for a Pristine Project, this is it! By Appointment Only through Listing Broker - do not disturb Res.Mgr or Tenants.
Price:
$1,875,000
Property Type:
Business with Property
MLS® Num:
e1002719
Status:
Sold
Listing information last updated on April 27, 2012 at 03:49 PM (UTC)
VAL TOFFOLI
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