22,400 ft²
Multifamily
$4,190,000
Sale


Download Brochures

Less than a forty minute cruise from St. Albert, within the safe and growing town of Westlock lies your chance to own a pristine thirty tenant building. Sixteen two bedroom, and fourteen one bedroom apartment units totaling about 22,400 square feet. Two-bed units include laundry in-suite, and coin operated laundromat for the one bedroom tenants. Natural gas boiler system heats the floors on all the levels. Spacious manager's office with window on main. No need to take the stairs as this project has a top notch elevator. Handy exterior storage sea can be used for maintenance equipment, and it has been tastefully suited to match the buildings exterior. Over half an acre site, one year leases, no pets, no smoking, and no barbecue rules enforced. Professionally managed. Fifty no maintenance, all concrete, parking stalls. Building completed in 2012.


The Space
Asking Price$4,190,000
Available Space22,400 ft²
Net Operating Income$7000.0
Property UseInvestment property

The Building - Westlock Apartments

Less than a forty minute cruise from St. Albert, within the safe and growing town of Westlock lies your chance to own a pristine thirty tenant building. Sixteen two bedroom, and fourteen one bedroom apartment units totaling about 22,400 square feet. Projected monthly income of thirty thousand. Two-bed units include laundry in-suite, and coin operated laundromat for the one bedroom tenants. Natural gas boiler system heats the floors on all the levels. Spacious managers office with window on main. No need to take the stairs as this project has a top notch elevator. Handy exterior storage sea can included for maintenance equipment, and it has been tastefully suited to match the buildings exterior. Over half an acre site, one year leases, no pets, no smoking, and no barbecue rules enforced. Professionally managed. Fifty no maintenance, all concrete, parking stalls. Building completed in 2012. Potential 40 year amortization financing though CMHC conditional to buyers credit available.

Property TypeMultifamily
Floors3
Building Size22,400 ft²
ZoningRes-Multi-Family
Year Built2007
Parking Ratio448/1000sf
Featured Partners
View Business Directory
Protect Your Business
Get the most cost-effective insurance coverage fast and easy!

Need Financing?
Starting a business takes courage - and financing.

ATB works in collaboration with the Canada Small Business Financing Program to help you start or grow your business.


Register Your Business In Minutes
Ownr is the simplest, most convenient way to register or incorporate your business and build your brand.
Use the code SPACELIST40 at checkout for $40 off.

Buy Your Office Essentials
Manage your Best Buy orders and enjoy business-level pricing with a free Business Account.