Property Details

Address: 4604 - 48 Street, St. Paul, AB
Status: For Sale
Price: $1,020,000
Price Per Door: $85,000
No. of Units: 12
Cap Rate: 5.70%

This twelve suite apartment building is located at 4604 - 48 street in St. Paul, Alberta.

It is a two and a half storey low-rise, wood-frame construction building with no balconies. Parking is surface and gravel.

The suite mix is 1 one-bedroom suite, and 11 two-bedroom suites. Many of the suites have newer laminate flooring.

About St. Paul

St. Paul is a small town in east-central Alberta, located within the county of St. Paul. It is approximately 2 hours (196 Kilometers) north-east of Edmonton.

According to the 2016 Census, the population of St. Paul is approximately 5,728 residents.

The community was originally founded as a Metis colony in 1896 but the colony later dissolved between 1905 – 1909. After the area was made available to other groups in 1909, primarily the French-Catholic, the community incorporated as the Village of St. Paul de Metis on June 14th, 1912. It later incorporated as the Town of St. Paul in December of 1936.

St. Paul’s economy is driven by the agriculture and service industries. St. Paul is located in Alberta’s Lakeland tourism district.

St. Paul is home to the world’s first UFO landing pad which was officially opened in June of 1967. Built as a centennial project in an effort to attract both tourists and Martians to the municipality. The pad consists of a raised platform with a map of Canada embossed on the back stop.

Amenities in St. Paul include Canadian Tire, Shoppers drugmart, Co-op, Extra Foods, Peavey Mart, UFA & Kal Tire.

Restaurants in town include Smitty’s, A&W, Subway, MacDonalds, KFC, Tim Hortons, Lakeland Brewing Company and Boston Pizza, among others.

Interested in this Property?

Contact the David G. Parker Team Today