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$ 2,490,777
Est. payment | /mo
$ 2,490,777
Est. payment | /mo
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Rocky Mtn House
MLS® Listing ID A2320267
Year Built 1975
Annual Tax Amount $15,415
Tax Year 2025
Property Sub-Type Multi Family
Source Central Alberta
Property Description
RARE investment opportunity! Don't miss this exceptional opportunity to own a fully-tenanted turnkey apartment building in the heart of Rocky Mountain House with $1,000,000 in high quality renovations completed fall of 2025. This 17 unit concrete and stone building is a rare asset... Ideal for investors looking for long term stability and superior returns of $20,000 per month with $125,000 down payment. Other notable upgrades: new Roof 2015, new Windows 2016, new Boiler 2020, both pumps were rebuilt in 2025. This professionally managed building features 16 well designed studio apartments and one spacious one-bedroom unit all under the expert care of an outstanding on site manager. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units subject to town approval, storage lockers, or a tenant recreation space. The possibilities are incredible! A small office is already in place for property management or administrative use. Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking West-facing mountain views, a large paved parking lot, and low maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all amenities- this is truly a prime addition to any investment portfolio.
Location
Province AB
County Clearwater County
Zoning core commercial
Interior
Heating Boiler
Inclusions 17 sets of (fridge, stove, microwave, hood fan), 1 washer, 1 dryer, window coverings
Others
Restrictions None Known
Tax ID 84835017
Ownership Private
Listed by Realty Executives Alberta Elite
LOCATION AND OTHER NEARBY PROPERTIES
REVIEWS
Geeta Singh
As a professional and knowledgeable real estate agent, Viren made the journey of purchasing a home in the Calgary area completely seamless. I felt supported and informed at every single step. His market expertise and unwavering patience truly stood out.
Sartaj Sekhon
Working with Viren is an absolute pleasure, and he is easily one of the most professional Realtors in North West Calgary.
What I appreciate most about him is how he always keeps the bigger picture in mind. He doesn’t just focus on getting a quick deal done; he actually steps back, considers the long-term strategy, and focuses on what makes the most sense for his clients down the road.
Additionally, his communication is top-notch. He keeps you in the loop every step of the way, anticipates questions before they come up, and is very resourceful when it comes to getting answers and solving problems. He has a great network of folks that he can tap into to resolve any issue!
If you're looking for a collaborative, down-to-earth Realtor who truly knows his stuff and puts his clients first, give Viren a call!
Charlene Soares
Viren is a very responsive realtor who drops everything to come see his clients. He will help you with your house purchasing decisions by providing additional resources to evaluate the current market situation and always available for questions. Great realtor to choose if you are on the market searching for excellent help!
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