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Courtesy of Natalie M Ambrozuk of RE/MAX Real Estate

607/609 Kaybob Drive
Fox Creek Fox Creek T0H 1P0

$2,990,000
Multi-Family Commercial

Main Photo: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Photo 1: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Photo 2: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Photo 3: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Photo 4: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Photo 5: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Photo 6: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4406667
Build. Type:
Multi Tenant/Multi Plex
Kaybob Apartments presents a rare & lucrative investment opportunity in the vibrant town of Northwestern Alberta, Canada. This well-established property comprises 2 multi-family 3 story buildings, each serviced by elevators, offering a total of 24 rented units. 100% occupied, ensuring immediate income for the investor. 2 multi-family buildings with 12 units each, totaling 24 spacious & fully furnished apartments. Spacious floor plans ft 2 bedrooms & 1 bathroom in each unit. Large balconies w/gas connections, providing tenants with an enhanced living experience. Assumable & knowledgeable local property management in place, ensuring smooth operations & tenant satisfaction. Stable & turnkey investment w/a history of consistent rental income. Positioned between Whitecourt & Valleyview, catering to multiple consistent economic drivers incl oil & gas, forestry, agriculture & tourism. Fox Creek's appeal to residents & businesses alike, w/no rental/investment inventory that competes w/the quality of this offering
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex
# Bldgs:
2
# Units:
24
Tot Pkg Spaces:
37
# Storeys:
3.0
Year built:
2018 (Age: 6)
Total Floor Area:
19,344 sq. ft.
Lot Area:
0 sq. ft.
Plan:
2150RS
Title to Land:
Freehold
LINC Number:
0035678572
# Elevators:
2
Num. of Parcels:
1
Cap Rate %:
8.64
Gross Operating Income:
$648,000
Other Income:
$0
Effective Gross Income:
$583,200
Net Operating Income:
$293,858
Total Oper. Expenses:
$289,342
Tot Expenses:
$289,342
Days On Website:
35 day(s)
  • Photo 1: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
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  • Photo 5: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
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  • Photo 6: 607/609 Kaybob Drive: Fox Creek Multi-Family Commercial for sale : MLS®# E4406667
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Data was last updated October 21, 2024 at 04:30 PM (UTC)
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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