Property Details

Address: 4 Pan Am Street, Swan Hills, AB
Status: For Sale
Price: $660,000
Price Per Door: $60,000
No. of Units: 11
Cap Rate: 10.05%

This listing is part of the North-Central Portfolio which includes 4 towns and 116 units. 

 Portfolio List Price: $6,905,000

Portfolio Price Per Door:  $59,525

Portfolio CAP Rate: 9.58%

Amenities

This 11 suite townhouse complex is located at #4 Pan Am Street in Swan Hills, Alberta. It consists of three two-story wood-frame buildings with stucco and cedar siding. The buildings are set in a triangle arrangement with a large landscaped courtyard in the middle and sidewalks that connect each building to three parking areas. The buildings consist of 3, 4 and 5* townhome units respectively, with the total suite mix being 6 two-bedroom suites and 5 three-bedroom suites.

(*NOTE: Townhome Unit 5(E) is under separate ownership.)

Each unit has an individual forced air gas furnace and hot water tank. They also come with a full-sized concrete basement. The basement of one unit has a bathroom.

Location

Swan Hills is located approximately 2.5 hours north-west of Edmonton, Alberta. According to the 2016 census, the population of the town is approximately 1,300 residents. The economy is supported primarily by oil and gas, as well as the logging industry. A waste treatment centre north of the town is a local employer.

Education is offered for Kindergarten through Grade 12 by the Swan Hills School. A public library, healthcare centre, Home Hardware, Rexall, Kal Tire, ATB and Subway are some of the amenities in town.

Swan Hill’s location in northern Alberta makes it a popular destination for outdoor activities. Camping, hunting, trapping, fishing and ATV riding are among a few popular nature activities. A few of the annual events in the area include: an annual motocross meet, skeet shooting competition, golf tournaments, as well as hockey and curling tournaments. The town also has an indoor pool and skating arena.

Interested in this Property?

Contact the David G. Parker Team Today