Homes for sale - 5415 54 ST #101-306, Ponoka, AB T4J 1M9

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Sam Pond

sam@sampond.ca +1(403) 889-0913

$1,950,000

Est. payment - /mo

12,173 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 12,173 sqft

Price per Sqft $160

Subdivision Central Ponoka

MLS® Listing ID A2202151

Year Built 1978

Lot Size 0.530 Acres

Acres 0.53

Lot Dimensions 135.10' x 169.60

Property Sub-Type Apartment

Property Description

Original owner has decided its time to retire after 47 years! This building has been meticulously maintained and offers an attainable 7% CAP rate. Rents have been well below market for several years, but will be brought closer to market on July 1/25. 18 Suites, consisting of 17 two bedroom and 1 one bedroom unit have historically had a very low vacancy rate. Excellent location in a town of over 7000 people. Ponoka has a bustling economy with 3 hospitals, agriculture and energy as well as the Ponoka Stampede. The owner has recently installed two new boilers (hot water heat), flooring in the common areas, fibreglass shingles on roof. Acrylic Stucco, windows, dura deck and deck rails have all been updated in the past few years. All units have had updating over time. There are 18 electrified parking stalls in the paved parking lot on the east side of the building. Plugins for parking are controlled inside each apartment. There are several very long term tenants in the building.

Location

Province AB

County Ponoka County

Zoning R4

Interior

Heating Central, High Efficiency, Hot Water, Natural Gas

Inclusions 18 Stoves, 18 Fridges, All Window Coverings, Garden Shed, 2 Token Washers, 2 Token Dryers

Laundry Common Area, In Basement, Laundry Room

Exterior

Exterior Feature Rain Gutters

Parking Features Parking Lot, Plug-In

Roof Type Fiberglass

Total Parking Spaces 18

Building

Lot Description Back Lane, Landscaped, Near Shopping Center, Paved

Dwelling Type Low Rise (2-4 stories)

Story 3

Foundation Poured Concrete

Others

Restrictions None Known

Tax ID 56560815

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Listed by Century 21 Advantage

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+1(403) 889-0913

sam@sampond.ca

Calgary, AB, CAN

5415 54 ST #101-306 Ponoka, AB T4J 1M9