Property Details

Address: 10401 - 103 Street, High Level, AB
Status: For Sale
Price: $2,475,000
Price Per Door: $99,000
No. of Units: 25
Cap Rate: 6.79%

Lindbud Manor is a twenty-five suite apartment building located at 10401 - 103 Street, in the town of High Level, Alberta.
It is a two and a half storey walk-up, wood-frame construction building that was built in approximately 1975. Parking is surface, paved, and energized.
The suite mix is 1 studio suite, 8 one-bedroom suites, 12 two-bedroom suites, and 4 three-bedroom suites. The studio suite is currently being used as an office unit. Each suite has a four piece bathroom with vinyl tile flooring. Each suite is individually metered.
There is newer vinyl siding on the exterior, with double glazed vinyl sash windows, and an exterior metal door with glass.
Common areas of the building have carpet flooring. There is an intercom system at the front door for added security. Laundry is provided by on-site coin-operated washers and dryers.
Vendor is willing to consider a VTB.


About High Level

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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