$1,999,900

101-215, 10118 100 Avenue

Downtown, Peace River

• 31,185 sq ft

About this home

Now available is a mixed use building with 27 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 12 - 1 bed units and 10 - 2 bed units and 4 bachelor suites There are 4 commercial spaces on the main floor with 3 currently leased to professional corporations, one an engineering firm, a spa business and a medical clinic, with a total rent of $5280 per month between the two commercial tenants - the remaining space is about 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 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed with a secure and heated underground parking available for tenants 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. This is been sold with all units under one titled owner as of Nov 1 2026 (id:67770)

Facts

Living area

31,185 sq ft

Home type

Apartment

Year built

1984

Parking

37

Property taxes

$39,128 (2024)

MLS® number

A2264118

Features

Heating

Radiant heat, Forced air, Natural gas, Hot Water

Cooling

None

Flooring

Laminate, Carpeted, Linoleum

Parking

Garage, Heated Garage

Exterior Features

Concrete

Location

Listed by Century 21 Town and Country Realty

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