• $1,100,000
  • 12443
  • Business


This 16 unit apartment was converted from a privately operated seniors residence into a residential rental property. Two of the units are two bedroom units, 6 are one bedrooms, and 8 are bachelor suites each with a fridge, stove, kitchen or kitchenette. This apartment has been meticulously maintained by the original owner and the existing seller. Located in Plamondon, this building is located 20 minutes from Lac La Biche, 15 minutes to Grassland, 30 minutes to Alberta-Pacific Pulp Mill, 2 hours north of Edmonton and 2.5 south of Fort Mc Murray. Although Plamondon is a small community is has two schools with 500 children, a brand new Coop store, two banks, a brand new community centre, a public indoor skating rink, a museum and mini-heritage park and a plethora of community activities and events to keep you entertained. This building has potential gross revenue of $176,160 and has room for expansion on two sides of the property. The property also has 8 detached garages that are available to rent for indoor parking or additional storage, there is a large garden plot behind the building, ample parking and the property offers mature landscaping including a perimeter of large spruce. This building is located in a quiet residential area close to schools and has had a very positive history from it's caring tenants, manager and landlord.
  • Overview

  • On Market DateMarch 8, 2019
  • MLS®FM0158913
  • Lot Size2.12 Acres
  • Depth318.00
  • ZoningHDR
  • Year Built2001
  • NeighbourhoodOut of Board Area
  • Ownership TypeFee Simple
  • Taxes$5,846
  • Primary BrokerRE/MAX LA BICHE REALTY
  • Building

  • FoundationConcrete
  • Finished Area12443
  • Heating & Cooling

  • HeatingFurnace - Forced Air - 1
  • Utilities

  • WaterElectricity, Garbage Collection, Municipal Water, Natural Gas
  • SewerMunicipal
  • Features

  • Interior Features-
  • Agent

    (780) 623-2514

The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.