8420 99 Avenue Peace River, Alberta T8S 1W3
$9,990,000
Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only. (id:49203)
Property Details
| MLS® Number | A2256213 |
| Property Type | Multi-family |
| Community Name | Rolling Hills |
| Plan | 9022586 |
Building
| Constructed Date | 1989 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 1324 Sqft |
| Size Interior | 1324 Sqft |
| Total Finished Area | 1324 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | Residential High Density |
https://www.realtor.ca/real-estate/28858021/8420-99-avenue-peace-river-rolling-hills
Interested?
Contact us for more information
Dale Espetveidt
Associate
(780) 624-1218
9604 96 Street
Peaceriver, Alberta T8S 1J2
(780) 624-1427
Brent Nixon
Associate
(780) 624-4088
https://www.facebook.com/realestatepeaceriver
9604 96 Street
Peaceriver, Alberta T8S 1J2
(780) 624-1427
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 12 2025 11:05:03
Grande Prairie & Area Association of REALTORS®
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