Property Details

Address: 9903 - 97 Street, Wembley, AB
Status: For Sale
Price: $2,550,000
Price Per Door: $110,870
No. of Units: 23
Cap Rate: 5.46%

Marand Manor is a twenty-three suite apartment building located at 9903 - 97 Street in Wembley, Alberta, a short 20 minute drive from the city of Grand Prairie.

It is a three storey low-rise, wood-frame construction building with balconies. It was built in the mid 1980’s, but has undergone renovations in the last two years. There are 23 surface and energized parking stalls.

The suite mix is 6 one-bedroom suites and 17 two-bedroom suites. All units have private balconies, a refrigerator and a stove. There is a laundry room on each of the 3 levels. The laundry room equipment is owned and maintained by Coinamatic and generates approximately $5,000 of revenue yearly.

Recent renovations include:
- New siding
- Renovated balconies & replaced railings
- New roof
- Upgraded fire alarm system
- Completely renovated 4 suites
- Partially renovated 3 Suites

Interested in this Property?

Contact the David G. Parker Team Today