Property Details

Featured in:

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Featured in:

Winners:

5009 54 Street
Camrose (A2234534)

$1,789,000
2,000 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

An Exceptional Investment Opportunity in the Heart of Camrose! This remarkable property offers a rare combination of income potential and modern living, featuring eight units across two fourplex buildings and a fully finished, heated triple car garage with two bays - all on one single titled lot. Perfectly positioned just moments from downtown Camrose, this investment gem blends convenience with contemporary style, making it a standout choice for savvy buyers. Eight spacious units boast an open-concept layout designed for comfort and functionality, including a lovely kitchen with stainless steel appliances, terrific living room, two bedrooms, one bathroom, beautiful flooring and in-unit laundry. Currently, all eight units are fully rented, delivering a steady and reliable cash flow from day one. The rented garage spaces further enhance the properties earning power, making this an investor’s dream. Whether you're seeking a turnkey income-generated asset or a home where you can live in one unit and rent out the others, this property offers unmatched versatility and long-term value. Situated in the heart of Camrose, these fourplexes are just steps away from downtown, providing residents with easy access to shopping, dining, entertainment and all essential amenities. This vibrant and connected lifestyle ensures strong tenant demand and lasting appeal. With its modern design, full occupancy, and strategic location, this property is a rare find. It’s ideal for investors looking to capitalize on a thriving rental market or homeowners wanting to offset their mortgage by renting out additional units. Don't miss your chance to own this income-producing treasure, the opportunities here are truly endless!

Property details

Basic Info

MLS® #
A2234534
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Prospect
Price
$1,789,000
Sale/Lease:
For Sale
Size:
2,000 sq.ft.
Year Built:
2023 (2 years old)

Building Info

Structure Type:
Four Plex
Building Style:
Bi-Level
Garage:
Yes
Parking:
Alley Access, Garage Door Opener, Heated Garage, Oversized, Stall, Triple Garage Detached
Fence:
Basement:
Finished, Full
Features:
Kitchen Island, Open Floorplan, Vinyl Windows
Inclusions:
8) Fridges, 8) stoves, 8) dishwashers, 8) stackable washer/dryers, window coverings, garage door opener & control
Appliances:
Dishwasher, Range, Stove(s), Washer/Dryer Stacked, Window Coverings
Patio/Porch Features:
Deck

Lot / Land Info

Zoning:
R3

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Vinyl Siding,Wood Frame
Floors:
Carpet, Vinyl
Foundation:
ICF Block
Heating:
Forced Air, Natural Gas

Listing Info

Possession:
Immediate,Subject To Tenancy
Days on Market:
1
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