For Sale: 8420 99 Avenue, Peace River, AB - REW
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$9,990,000
0 bd • ba • 1324 sf • Multifamily
8420 99 Avenue
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$9,990,000
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8420 99 AvenuePeace River, AB, T8S 1W3

  • 0 Bed
  • Bath
  • 1324 Sqft
  • Multifamily

About this home

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only. (id:63626)
Listed by: Dale Espetveidt, Royal LePage Valley Realty

Home facts and features

Price details
List Price
$9,990,000
Get Pre-Approved
Gross Taxes for 2025
$96,851
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Year Built
Built in 1989 (37 yrs old)
Heating Type
Forced air, Natural gas
Agent details
Primary Agent
Primary Broker
Royal LePage Valley Realty
Secondary Agent
Secondary Broker
Royal LePage Valley Realty
Listing details
Days on REW
266 Days
Property Views
253
MLS® Number
A2256213
Source
Canadian Real Estate Association
Board
Grande Prairie & Area Association of REALTORS®
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Peace Regional Outreach Campus
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Holy Family Cyberhigh Virtual School
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T a Norris Middle School
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Glenmary School
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Bear Canyon Hutterite Colony School
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Peace River High 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
Dale Espetveidt
Phone:
(780) 618-8776
Office:
780-624-1427
Brent Nixon
Phone:
(780) 618-7501
Office:
780-624-1427
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