Property Details

Address: 5502 - 60 Street, Vegreville, AB
Status: For Sale
Price: $1,620,000
Price Per Door: $108,000
No. of Units: 15
Cap Rate: 6.04%

Maple Street Place is a fifteen suite apartment building located at 5502 - 60 Street in Vegreville, Alberta. It is a two and a half storey walk-up, wood-frame construction building with balconies, which have new railings and decks. The building was built in 1980. Parking is a surface, gravel lot.

The suite mix is 14 one-bedroom suites and 1 two-bedroom suite.
Two of the suites are entirely new units.
All suites have new espresso colored wood cabinetry, laminate flooring, new countertops
, low-flow flush toilets, in-suite storage, and a dishwasher. All corner suites have electric fireplaces. There is a common laundry room on the main floor with Italian tile and solid wood espresso oak cabinetry.
Unit 304 is a new two-bedroom suite with in-suite laundry, storage, electric fireplace, kitchen island, and a corner pantry.
Unit 305 has a kitchen island, electric fireplace, and in-suite storage.
The building has been upgraded with a new tar and gravel roof, stucco and brick masonry to the exterior, which is maintenance free, a new forced air make up and a new boiler. All units have new laminate floors, wood cabinets and countertops
. New sidewalk and landscaping was completed in 2018.
There is no deferred maintenance, as the current owners have always addressed any deficiencies in a timely manor.
The building was also recently master keyed.
Maple Street Place is a premium apartment building in Vegreville, and has always attracted good quality tenants.


Vegreville is a small town located approximately one-hour (103 kilometers) East of Edmonton, Alberta. It is located just off of the Yellowhead Highway (Highway 16), providing easy access to both Western and Eastern Alberta.
According to the 2016 Census, the population of Vegreville is approximately 5,708 residents.
The community’s economy is largely agricultural. Vegreville is known for its Pysanka Festival held each year on the first weekend of July.
The city has first class recreation services including a pool, fitness facilities, sports fields, and a serviced campground. Its amenities are well developed and include St. John’s General Hospital, No Frill’s & Co-Op, and chain owned business such as Dollarama, Peavy Mart and Home Hardware.
Vegreville is half an hour drive from Elk Island National Park which offers hiking, kayaking, and camping.
Vegreville offers a safe, affordable, accessible lifestyle for people looking to work and live in a small community.

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