$202,500
$209,900
3.5%For more information regarding the value of a property, please contact us for a free consultation.
1,572 SqFt
SOLD DATE : 08/26/2024
Key Details
Sold Price $202,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,572 sqft
Price per Sqft $128
MLS® Listing ID A2132908
Sold Date 08/26/24
Originating Board Central Alberta
Year Built 1974
Annual Tax Amount $600
Tax Year 2023
Lot Size 3,000 Sqft
Acres 0.07
Property Sub-Type Triplex
Property Description
This meticulously maintained triplex in Delburne offers a unique opportunity for investors seeking stable returns and potential for future development. Originally a church, the property boasts a strong foundation and quality construction, thoughtfully converted into three spacious 2-bedroom suites. Each unit offers approximately 750 square feet of living space, with a large basement suite adding to the property's income potential.
The triplex enjoys a history of consistent occupancy with minimal vacancies, thanks in part to its prime location in the heart of Delburne. Flexible lease terms allow for potential rent adjustments upon renewal, ensuring the investment keeps pace with the market. Recent updates include fresh paint, new appliances, and a thorough boiler cleaning, providing peace of mind ownership. Additionally, the roof was replaced in 2012 and the mechanical system receives regular servicing. With ample on-site parking and easy access, this triplex offers a compelling opportunity to own a piece of Delburne's history while generating strong and reliable rental income. ***Note photos from previous vacancies. ALL units are occupied.
Location
Province AB
County Red Deer County
Zoning R2
Interior
Appliance Electric Stove, Range Hood, Refrigerator
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 4
Others
Restrictions None Known
Tax ID 85680975
Ownership Private
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As a real estate agent, Sheldons brings a strong passion and incredible dedication to ensuring real estate buyers and sellers achieve their goals in a smooth and fulfilling process. Growing up in a family of Real Estate Professionals, Property Managers, and Real Estate Investors, Sheldons gained valuable knowledge about real estate transactions. He nurtured a deep love for the industry from a young age. Given his background, he always desired to venture into the industry to give his clients a positive, rewarding, and financially satisfying real estate experience.
Determined to help his client navigate the complex and competitive market with ease, Sheldons seeks to guide, advise, and educate clients, in order to empower them to make wise and well-informed choices. He strives to go over and beyond to help buyers find their perfect homes and assist sellers in marketing their properties for top dollar. For Sheldons, there is nothing more fulfilling than seeing the smile and the look of satisfaction on his client’s face after a successful closing.
When you entrust Sheldons with your real estate dreams, you can be confident that he won’t rest until he turns them into reality.