Property Details

Address: 10118 - 98 Street, High Level, AB
Status: For Sale
Price: $1,500,000
Price Per Door: $83,333
No. of Units: 18
Cap Rate: 8.42%

Amenities

Westhaven Apartments is an eighteen suite apartment building located at 10118 – 98 Street in High Level, Alberta. It is a three storey, walk-up, wood-frame construction building with stucco siding. It was constructed in 1985 on a concrete foundation with a total building area of 17,019 square feet. There is a common laundry room on the main level with three coin-operated washers and with three coin-operated dryers. The building is equipped with an individual suite buzzer system. There is a rear parking lot with one assigned energized parking stall per suite. Side parking on gravel and concrete is also available.

The suite mix is 2 one-bedroom suites and 16 two-bedroom suites. Each first floor suite has a concrete patio and the second and third floor suites have wood-frame decks measuring approximately 8 x 8 feet. Each suite contains an oven, range and refrigerator.

Upgrades to the building include the following:

  2015:

  - Interior Suite Door Locks Replaced

  2014:

  - Torch-on Membrane Roof Installed

Location 

High Level is a town located in northern Alberta, approximately 733 kilometers (eight hours) from Edmonton, Alberta. It is situated at the intersection of Highway 35 and Highway 58, which provides access north to the North West Territories and south to Grande Prairie and south east to Edmonton.

According to the 2017 municipal census, the population of High Level is recorded at 3,992 residents. High Level is the highest populated town in Mackenzie County, which has a recorded population of 11,171 residents based on the 2016 Canadian census.

The economy is supported primarily through the oil and forest industries. Two oil and gas fields are located west of High Level and an OSB mill is located south of the city.

There are three public schools and one private school providing education from kindergarten through grade twelve. Airplane and helicopter transportation provide services to High Level and the surrounding communities on a regular basis. An RCMP detachment is located in town, as well as Northwest Health Centre which provides a full range of services that include pediatric, emergency, laboratory, and pharmacy treatment.

Brand name amenities include Canadian Tire, Home Hardware, Fountain Tire and Canada Post.

Restaurants include Tim Hortons, Boston Pizza, Subway, KFC, A&W and Quiznos.

Hotel and Hospitality Services are provided by Quality Inn and Suites, Best Western Plus, Econo Lodge Inn & Suites, Days Inn by Wyndham and Super 8 by Wyndham.

Banking services are provided by CIBC, ATB Financial and BMO Bank of Montreal.

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