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$1,380,000
$1,575,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
11,624 SqFt
SOLD DATE : 08/26/2025
Key Details
Sold Price $1,380,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 11,624 sqft
Price per Sqft $118
Subdivision Downtown Lacombe
MLS® Listing ID A2231941
Sold Date 08/26/25
Year Built 1981
Annual Tax Amount $12,619
Tax Year 2025
Property Sub-Type Apartment
Source Central Alberta
Property Description
No vacancies! Excellent cash flowing 12 suite apartment building with prime location in Lacombe. All units are 2 bedroom, 1 bath with exception of one bachelor suite. Tenants pay power. Owner pays heat, water/sewer and garbage. Ample parking. New roof approx. 6-7 years ago. X2 coin operated washer & dryer, also recently replaced. Brand new motors in boiler. Newer HWT & furnace. Unit 303 was recently completely redone, new flooring, trim, paint, bathroom, etc. Most tenants have been there for 5 or more years. One tenant has been there 24 years. Every tenant in month to month except for one unit that just signed a 1 year lease June 1st. Overall a great building with potential for rent increases as most of the units are currently below market rent.
Location
Province AB
County Lacombe
Zoning R5
Interior
Heating Boiler
Cooling None
Flooring Carpet, Linoleum
Appliance Refrigerator, Stove(s)
Exterior
Parking Features Off Street
Garage Description Off Street
Roof Type Tar/Gravel
Total Parking Spaces 18
Building
Story 3
Foundation Poured Concrete
Structure Type Brick,Stucco,Wood Siding
Others
Restrictions None Known
Tax ID 102647307
Ownership Private
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