Property Details

Address: 5419 - 47 Street, Whitecourt, AB
Status: For Sale
Price: $3,500,000
Price Per Door: $77,777
No. of Units: 45
Cap Rate: 8.90%

This forty five suite apartment building is located at 5419 - 47 Street in Whitecourt, Alberta.

It is a two and a half storey low-rise, wood-frame construction building with balconies. It was built in 1978. Parking is surface and paved.

The suite mix is 4 bachelor suites, 27 one-bedroom suites, and 14 two-bedroom suites.

Recent capital investments include a new roof, a new boiler, 45 new refrigerators, and 45 new stoves.

About Whitecourt

Whitecourt is located in central Alberta, approximately two hours (177 km) northwest of Edmonton. It is situated off of Highway 43, which connects Edmonton to Grande Prairie.

According to the 2016 Census, the population of Whitecourt is approximately 10,204 residents. The economy is supported by forestry, tourism, the oil and gas industry and agriculture. There are three mills in the community and the area was named the Forest Capital of Canada 2013.

Education for Kindergarten through Grade 12 is provided by the Northern Gateway Regional Division and Livings Waters Catholic Regional Division. Healthcare is provided to the region by the Whitecourt Healthcare Centre.

Whitecourt has a new recreation facility consisting of an aquatic centre, fieldhouse, children’s indoor playground, fitness centre, and rooms for tradeshows and events. A splash park was opened in 2012. The Rotary Park offers sports fields, playgrounds, picnic site, a dog park, and fish pond. The Forest Interpretive Centre offers a history of forestry in the Whitecourt, as well as a visitor service centre.

Interested in this Property?

Contact the David G. Parker Team Today