Address
1,2,3,4,5,6,7,8, 601 8 Street S Lethbridge, AB
Price
$ 1,280,000
Property Attributes
  • ID#A1125198
  • TypeMulti-Family
  • CityLethbridge
  • Postal CodeT1J 2K2
  • Style
  • Price$ 1,280,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6284
  • Lot Size9,372 SqFt
Listing Provided Courtesy Of:
RE/MAX REAL ESTATE - LETHBRIDGE
Data Source:
Canadian Real Estate Association
Property Description

LOW VACANCY RATE, REVENUE, AND EASY TO MANAGE! That is what this 8 - 2 bedroom unit apartment complex located in London Road offers. Currently rented to adults with no pets and the building is well maintained inside and outside with the roof recently being replaced in 2021. Building has forced air furnace for central hallways and two boilers (built-in redundancy) for the rest of the building. Boilers were replaced in December 2015. The building was condominiumized in 2007, but has always operated as a whole apartment building rented out by the owner. The condo by-laws are completed and a reserve fund study was completed as well. Being condos the mill rate is lower and property tax is, therefore, lower as well. Suites range in size from 750 sf (suites 5 and 8) to 925 sf (suites 1,2,3,4,6 and 7). All suites have their own separate storage unit. All suites have their own parking stall with electrical outlet and there are an additional four visitor parking stalls. This apartment complex also offers balconies for upper suites and patios for the two lower suites. Four suites have in suite laundry appliances. Four suites share two sets of washers and dryers in lower level laundry room. This condominiumized apartment building can be sold as separate condos by the future owner. Amenities: Walking distance to grocery store, coffee shops, ice arena, churches, and downtown Lethbridge (attractive to tenants). Serious inquiries are welcome! (id:7434)

General Features

Building Type Apartment
More Information Link https://www.realtor.ca/real-estate/23430002/12345678-601-8-street-s-lethbridge
Ownership Type Freehold
Property Type Multi-family
Zoning Description R-37

Interior Features

Basement Type Unknown
Building Fireplace Present False
Construction Style Attachment Attached

Exterior Features

Parking Space Total 12

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in T1J 2K2

Price
AVG $1.28M
$1.28M
Visits
AVG 26
15
Year Built
AVG 1986
1986

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