$389,000

Residential · MLS® A2288980
2Bedrooms
2Bathrooms
1,113Sq Ft
1Garage
2014Year Built
02 / Overview

PROPERTY OVERVIEW

Retirement living at it's finest! This secure, comfortable and well maintained 55+ building is an ideal spot to visit with old friends and meet new ones, there are many social activities to get involved in if you choose or simply relax on the deck and enjoy the view! This TOP FLOOR unit is beautifully designed, with a large kitchen offering ample counter and cabinet space, an eating bar, plus a large pantry for additional storage. The natural light from...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeLow Rise (2-4 stories)
Storeys4
Total Finished Area1,113 sq ft
Lot Size1,130 sq ft
ZoningPS
HeatingBoiler • Natural Gas
CoolingCentral Air
ParkingAssigned • Owned • Parkade • Secured • Stall • Titled • Underground
ExteriorBalcony
Year Built2014
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$303After mortgage & expenses
Cap Rate3.5%Based on market rents
Cash on Cash Return-4.7%With 20% down payment
Est. Monthly Rent$2,048Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

MICHENER HILL

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Investment ScoreN/A
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Active ListingsN/A

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Listed by Tim Maley · RE/MAX real estate central alberta