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$1,470,000
Est. payment /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID E4412750
Year Built 1973
Property Description
An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raventhorpe is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city's extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .
Location
State AB
Zoning Zone RUR6
Others
Tax ID 0032811549
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Copyright 2025 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Kim D Stubbs • Sotheby's International Realty Canada