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$ 2,490,777
Est. payment | /mo
6,801 SqFt
$ 2,490,777
Est. payment | /mo
6,801 SqFt
Key Details
Property Type Multi-Family, Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 6,801 sqft
Price per Sqft $366
Subdivision Rocky Mtn House
MLS® Listing ID A2234841
Year Built 1975
Property Sub-Type Condo
Source Central Alberta REALTORS® Association
Property Description
Rare Investment Opportunity – Fully Renovated Apartment Building in Rocky Mountain HouseDon't miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House with potential to add 2 more stories! With $1 million in high-quality renovations, this 17-unit concrete and stone building is a rare asset—ideal for investors looking for long-term stability and returns. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use.Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
Fence Not fenced
Community Features Pets not Allowed
View Y/N No
Total Parking Spaces 30
Private Pool No
Building
Story 1
Others
Ownership Freehold
Listed by Realty Executives Alberta Elite
