Courtesy Of Tim Gartner of MaxWell Progressive

10201 100 AV

For Sale in Morinville

$457,000
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 950 sq ft 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, over 2000 sq ft in the apartment area . Combine this with 23 ft x 28 ft garage, with the potential to lease separately . Great revenue property to add to your portfolio!
Address
10201 100 AV
List Price
$457,000
Property Type
Commercial Sale
Area
Morinville
Year Built
1910
MLS® Number
E4414006
Listing Brokerage
MaxWell Progressive
Postal Code
T8R 1P7
Zoning
Zone 61
Construction Materials
Wood Frame

Request More Info or a Showing

Brian Macleod

Bermont Realty (1983) Ltd.

14 Perron St #200 St Albert, Alberta T8N 1E4

Mobile: 780-288-3410

brian@brianmacleod.ca