587-982-8884 RE/MAX Elite

Multi-Family Commercial for Sale

Courtesy of David Parker of Northfield Commercial

Property For Sale In Morinville, Sturgeon

Multi-Family Commercial for Sale, MLS® # E4328328

This property is a very well-kept mixed-use property. Great suite mix with 8 One Bedroom Suites and 8 Two Bedroom Suites. There have been several capital upgrades in this property including a "torched roof" with a 40 year lifespan (2014), high efficiency boiler (2014), Waterproof Deck (replaced with waterproof materials) and R50 Attic Insulation (2014), Windows and sliding glass patio doors (2014) and Air Conditioning for Main/Commercial Floor (2017). A total of $312,975+/- spent in upgrades since 2013. Includes four renovated commercial bays with long-term tenants on the main floor. Each commercial unit has its own separate controlled heating and air conditioning. Another interesting attribute to this property is the assumable CMHC mortgage of approx. $1,476,000 (Jan 2023), 2.36% until May 2025. 30-year AM P+I $6,129 per month.

Contact Kevin Quintal About MLS® E4328328

Required Field

Kevin Quintal, 587-982-8884 at RE/MAX Elite, 8104 - 160 Avenue, Edmonton, Alberta, T5Z-3J8

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4328328
  • Year Built: 1979
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Community Information

  • Neighbourhood: Morinville
  • City: Sturgeon
  • Postal Code: T8R 1R3
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$2,095,000

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