Multi-Family Residential Building for Sale

Courtesy of Tim Gartner of MaxWell Progressive

Property For Sale In Morinville, Sturgeon

 Multi-Family Residential Building for Sale, MLS® # E4414006
  • MLS®#: E4414006
  • Price: $457,000
  • Year Built: 1910
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Attention investors !Right on Main street in Morinville close to the Civic Center . This two story mixed commercial/ residential building with a potential for over a 8 cap rate and could easily be bumped up to double digit returns with adjustments of leases. Built in 1910 , this building had benefited from major infrastructure upgrades in 2010 to the plumbing, electrical and heating. Main floor offers over 2000 square feet of office retail, currently leased to a law firm. Bright open reception area with 2 offices in the back. The second floor offers a three bedroom unit with hardwood floors, and a one bedroom unit also updated. Great revenue property to add to your portfolio!

Contact Darcy Torhjelm About MLS® E4414006

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Darcy Torhjelm, 780-963-4004 at RE/MAX Real Estate, 102-4245 97 Street, Edmonton, Alberta, T6E 5Y7

property information

  • Property Type: Multi-Family, Retail
  • MLS®#: E4414006
  • Year Built: 1910
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Community Information

  • Neighbourhood: Morinville
  • City: Sturgeon
  • Postal Code: T8R 1P7
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Disclaimer: Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated December 25, 2024, 1:44 pm.

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