My Office Listings
Courtesy of John W Carter of
RE/MAX River City
5117 CRANSTON Place
Millet
Millet
T0C 1Z0
$1,499,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4322693
- Build. Type:
- Low Rise (2-4 stories)
- Photos (19)
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Located in the town of Millet, south of Edmonton, just a short 25 min drive from the Edmonton international airport. This town is located between Wetaskiwin, Camrose, and the oil and gas hub of Nisku/Leduc. It often attracts longer term tenants who prefer the smaller community, but with easy commuting access for work. The 15 suite, 3 storey walk-up contains 4 one & 11 two bedroom suites. In above average condition for a 1978 built wood frame building. New windows and patio doors were completed in past few years. Existing qualifying assumable financing is available at 1.85% rate until June 2026. Vendor is open to a VTB, subject to first position lender approval.
- Sale Type:
- Asset or Share
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories), Walk Up
- # Bldgs:
- 1
- # Units:
- 15
- Tot Pkg Spaces:
- 15
- # Storeys:
- 3.0
- Year built:
- 1978 (Age: 45)
- Total Floor Area:
- 0 sq. ft.0 m2
- Lot Area:
- 0 sq. ft.0 m2
- Land Use/Zoning:
- 185 Residential multi-fam
- Plan:
- 7820584
- Title to Land:
- Freehold
- LINC Number:
- 0012359147
- # Elevators:
- 0
- Num. of Parcels:
- 1
- Cap Rate %:
- 6.0
- Gross Operating Income:
- $165,000
- Other Income:
- $960
- Effective Gross Income:
- $162,641
- Net Operating Income:
- $95,644
- Total Oper. Expenses:
- $669,970
- Tot Expenses:
- $66,997
- Entry date:
- Dec 21, 2022
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Data was last updated June 8, 2023 at 08:30 PM (UTC)
- SUKHI RANDHAWA
- RE/MAX RIVER CITY
- 780-909-5333
- Contact by Email
- LAKHWINDER BRAR
- RE/MAX RIVER CITY
- 780 935 4565
- Contact by Email
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