Property Details

Address: 10420 - 100 Avenue, Grande Prairie, AB
Status: For Sale
Price: $2,335,000
Price Per Door: $138,530
No. of Units: 17
Cap Rate: 7.50%

 

Amenities 

Alden Arms is a seventeen suite apartment building located at 10420 - 100
Avenue in the City of Grande Prairie. It is a three storey walk-up, wood-frame
construction building that was built in 1980. Parking is surface and paved.
The suite mix is 8 One-Bedroom suites that are 870 sq. ft. in size, 8 Two-Bedroom
suites that are 1,055 sq. ft. in size, and 1 Three-Bedroom suite that is 1,400 sq.
ft. in size.


The building overlooks Muskoseepi Park, providing both views and immediate
access to the park. Alden Arms is centrally located with easy access to the Grande
Prairie Mall, the college and downtown, with busses in front of the building and
Tim Horton’s right next door.


This apartment is ideally suited for condo conversion. From 2012 to 2014 the
owners hired a professional construction company, DELNOR Construction, to
complete $1.1 million dollars in Capital Improvements towards a condo conversion.


Recent renovations to the building include:

• New Decks
• New Railings and Glass Panels
• 12 New Sunrooms
• New Windows and Doors
• Carpeting in Hallways
• Lighting in Hallways
• High Quality Vinyl Siding
• Newly Stained Cedar Siding

 

Building Highlights:

• Overlooks Muskoseepi Park
• Open Floor Plans
• Large Decks
• In-Suite Laundry
• 17 Hot Water Tanks
• 17 Furnaces
• Sunrooms for the top two floors, adding 150 sq. ft. of living space
• Roof has 10-Year-Old SBS Membrane (50 Year Roof)
• Upgrades of Approximately $75,000 per door

 

Location 

Grande Prairie is a city located in Peace River County in Northwestern Alberta. It is approximately 4.5 hours north-west of Edmonton, Alberta and approximately one hour east of the British Columbia border. It is intersected by Highway 43, running east-west through the city from Edmonton and into British Columbia; and Highway 40, running north-south through the city, and north towards the cities of Peace River and High Level and into the North West Territories.

As of 2016, Grande Prairie has a population of 63,166 residents and is the seventh largest city in Alberta. The economy is diversified and major industries include oil and gas, agriculture, forestry and food services. The city also has a rich arts, sports and recreation culture. Some of the city’s features include museums, golf courses, parks, a downhill ski hill, and a new 450,000 square foot heath and fitness centre known as the Eastlink Centre.

Interested in this Property?

Contact the David G. Parker Team Today