For Sale: 101-215-10118 100 Avenue, Peace River, AB - REW
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$1,999,900
0 bd • ba • 31185 sf • Apt/Condo
101-215-10118 100 Avenue
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$1,999,900
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101-215 - 10118 100th AvenuePeace River, AB, T8S 1R3

  • 0 Bed
  • Bath
  • 31185 Sqft
  • Apt/Condo

About this home

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 2 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $3780 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. Residential and commercial income in as of May 2025 was ~$29,000 +/- with no residential units vacant and 3500 sq ft of commercial space divided between 2 parcels vacant - this allows for potential income stream to increase substantially!!
Listed by: Andy Gauvreau, Century 21 Town and Country Realty

Home facts and features

Price details
List Price
$1,999,900
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Apt/Condo
Year Built
Built in 1984 (42 yrs old)
Heating Type
Boiler,Forced Air,Hot Water,Natural Gas,Radiant
Agent details
Primary Agent
Primary Broker
Century 21 Town and Country Realty
Listing details
Days on REW
242 Days
Property Views
81
MLS® Number
A2264118
Source
Pillar 9
Board
Grande Prairie & Area Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Bear Canyon Hutterite Colony School
  • n/a
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Peace Regional Outreach Campus
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Peace River High School
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Glenmary School
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Holy Family Cyberhigh Virtual School
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T a Norris Middle School
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Springfield Elementary School
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École Des Quatre-Vents
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Good Shepherd School
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Call Agent
Andy Gauvreau
Phone:
(780) 618-5757
Office:
780-624-1300
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