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Courtesy of John W Carter of RE/MAX River City

5117 CRANSTON Place
Millet Millet T0C 1Z0

$1,595,000
Multi-Family Commercial

Main Photo: 5117 CRANSTON Place: Millet Multi-Family Commercial for sale : MLS®# E4306542
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Photo 19: 5117 CRANSTON Place: Millet Multi-Family Commercial for sale : MLS®# E4306542
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4306542
Build. Type:
Low Rise (2-4 stories)
Located in the town of Millet, south of Edmonton, just a short 25 min drive from the Edmonton international airport. This town is located between Wetaskiwin, Camrose, and the oil and gas hub of Nisku/Leduc. It often attracts longer term tenants who prefer the smaller community, but with easy commuting access for work. The 15 suite, 3 storey walk-up contains 4 one & 11 two bedroom suites. In above average condition for a 1978 built wood frame building. New windows were completed in past few years. Existing qualifying assumable financing is available at 1.85% rate until June 2026. Vendor is open to a VTB, subject to first position lender approval.
Sale Type:
Asset or Share
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Residential Mix, Walk Up
# Bldgs:
1
# Units:
15
Tot Pkg Spaces:
15
# Storeys:
3.0
Year built:
1978 (Age: 44)
Total Floor Area:
5,105 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
Not available
Plan:
7820584
Title to Land:
Fee Simple
LINC Number:
0012359147
# Elevators:
0
HVAC:
Baseboard, Hot Water
Num. of Parcels:
1
Cap Rate %:
6.0
Gross Operating Income:
$165,000
Other Income:
$960
Effective Gross Income:
$162,641
Net Operating Income:
$95,644
Total Oper. Expenses:
$66,997
Tot Expenses:
$66,997
Entry date:
Jul 27, 2022
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Data was last updated August 15, 2022 at 04:30 AM (UTC)
JOHN CARTER
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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 CREA and identify the quality of services provided by real estate professionals who are members of CREA.