About 1,2,3,4,5,6, 5403 College Drive
Well maintained revenue property located in Vermilion, Alberta. This is an excellent opportunity for investment into a very strong rental market in Alberta. This fully leased 6 plex is positioned near Lakeland College and the downtown core. Numerous upgrades have been completed recently including: flooring, paint, 3 newly installed in suite washer and dryer and also a shared common laundry room, new shingles, and new hot water tanks. The units are in great condition and this building is low maintenance and turnkey. The building is close to Lakeland College, restaurants, shopping and the downtown amenities. With great tenants in place and a 9% Cap Rate this is a strong return on investment. Property owner is a licensed realtor in the provinces of Alberta and Saskatchewan.
Features of 1,2,3,4,5,6, 5403 College Drive
| MLS® # | A2021157 |
|---|---|
| Last Ask Price | $389,900 |
| Sale Price | $370,000 |
| Sale Date | 2023-05-05 |
| Days on Market | 100 |
| Bathrooms | 0.00 |
| Square Footage | 3,505 |
| Acres | 0.00 |
| Year Built | 1970 |
| Type | Multi-Family |
| Sub-Type | Apartment |
| Style | Low-Rise(1-4) |
| Status | Sold |
Community Information
| Address | 1,2,3,4,5,6, 5403 College Drive |
|---|---|
| Subdivision | Vermilion |
| City | Vermilion |
| County | Vermilion River, County of |
| Province | Alberta |
| Postal Code | T9X 1X8 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Assigned, Gravel Driveway, Parking Pad, Side By Side, Stall |
| Is Waterfront | No |
Interior
| Interior Features | Ceiling Fan(s), Laminate Counters, Separate Entrance |
|---|---|
| Appliances | Refrigerator, Stove(s), Washer/Dryer |
| Heating | Hot Water, Natural Gas |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | Yes |
| Basement | Crawl Space, Partial |
| Basement Type | Crawl Space, Partial |
Exterior
| Exterior Features | Lighting |
|---|---|
| Roof | Asphalt Shingle |
| Construction | Wood Frame |
| Foundation | Poured Concrete |
Additional Information
| Zoning | R5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | MUSGRAVE AGENCIES |
|---|