Property Details

Address: 150 - 1 Avenue, Wabasca, AB
Status: For Sale
Price: $10,000,000
Price Per Door: $333,333
No. of Units: 30
Cap Rate: 6.91%

This thirty suite apartment building is located at 150 - 1 Avenue in Wabasca,
It is a three storey walk-up, wood-frame construction building with balconies. It
was built in 2015. There is a concrete basement, with gym, utility rooms, storage
rooms, and vacant space that could be developed into tenant storage. Part of the
basement is crawlspace. Parking is surface, paved and energized.
Subject site is reported to allow for development of an additional apartment
complex, and parking currently provided is sufficient for two complexes.
The suite mix is 8 one-bedroom suites, 10 two-bedroom suites, and 12 three-bedroom

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