Property Details

Address: 81, 83, 85 & 87 Mission Avenue, St. Albert, AB
Status: For Sale
Price: $3,040,000
Price Per Door: $190,000
No. of Units: 16
Cap Rate: 6.63%


81, 83, 85, and 87 Mission Avenue are four side-by-side four-plex buildings located in St. Albert, Alberta. All the buildings are two storey, walk-up, wood-frame construction with balconies and patios. They were built in 1973. The exterior is brick and stucco. Parking is paved and energized.

The suite mix of each building is 4 three-bedroom suites. Each suite is 1,170 square feet and is equipped with a fireplace and four appliances.



St. Albert is a city in central Alberta, adjacent to Edmonton. According to the 2016 Census, the population of St. Albert is approximately 65,589 residents.

The economy is supported through the oil and gas industry, as well as the trades.

The city is known for its rich arts culture and festivals. St. Albert Place and the Public Art Gallery are two popular attractions in the city’s downtown. The St. Albert Famer’s Market is one of the largest outdoor farmers markets in western Canada.

Sports and recreation, including hockey, football and cross country skiing, are popular in activities in St. Albert. The Sturgeon River runs through the city, and there are multiple parks, trails, and outdoor sports areas in the community. A multi-purpose facility, Servus Credit Union Place, was construction in 2006. It offers an aquatic centre, arenas, soccer fields, basketball courts as well as a fitness centre and track.

St. Albert Public Schools and Greater St. Albert Catholic Regional Division operate multiple schools in the region, including Bellerose Composite High and Paul Kane High School.

St. Albert offers all services and amenities. Major box stores, chain restaurants and retails stores in the city include St. Albert Centre, Walmart, Canadian Tire, Home Depot, Costco, Staples, Sobeys, Save-On-Foods, Safeway, Montana’s, and Earls.

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