Property Details

Address: 36 Ross Drive, Fort Saskatchewan, AB
Status: For Sale
Price: $630,000
Price Per Door: $105,000
No. of Units: 6
Cap Rate: 6.57%

Amenities

 36 Ross Drive is a six suite apartment building located in downtown Fort Saskatchewan , Alberta. The suite mix is one 1-bedroom suite and five 2-bedroom suites. Approximately two thirds of the suites have been renovated with mechanical upgrades, flooring, paint, vanities and sinks and some new appliances. A new roof was put on in 2016. The parking lot is paved and provides eight parking stalls: one energized stall per resident and two visitor stalls. 

The site is located in a quiet residential/commercial neighborhood in downtown Fort Saskatchewan, with easy access to many of the cities amenities. It is within a five minute drive of a major grocer, three national banks, Tim Horton’s, the public library and river valley. 

Location

Fort Saskatchewan is located 25 kilometers North East of Edmonton, Alberta. It is established along the North Saskatchewan Rive and is bordered by Strathcona County to the South and East and Sturgeon County to the North and West.  The city has a population of 24, 569 residents according to the 2016 municipal census. 

Fort Saskatchewan’s economy is mainly commercial and industrial, and the surrounding region is supported by four petrochemical facilities: Dow Chemical, Sherritt International, Agrium and Shell Canada, making it part of Alberta’s Industrial Heartland. 

The city is home to the Dow Centennial Centre, a multi-use facility which opened in 2004 and features a fitness center, ice arena, indoor track, performing arts theater and banquet hall; The Fort Saskatchewan Community Hospital opened its doors in 2012 and provides a myriad of services; a newly renovated public library and expanding commercial district which includes a Wal-Mart, Safeway, Canadian Tire, Home Depot and chain restaurants. Fort Saskatchewan is also home to six Elementary Schools, three Junior High Schools and two High Schools.

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