10 3 ST NE Redcliff, AB T1J2P0
11,160 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,160 sqft
Price per Sqft $179
MLS Listing ID A2356265
Year Built 1977
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Multi Family
Property Description
Operating as a traditional multifamily property,the building includes 10 long-term residential tenancies and 10 fully furnished suites designed for shorter or extended stays. The suite mix includes one two-bedroom and 19 one-bedroom suites. Upstairs are 10 residential apartments,including several renovated suites mixed with more classic-style apartments,offering durable finishes,strong occupancy history,and dependable rental income.
The main floor features 10 newly reconstructed,fully furnished one-bedroom suites in new condition. Each is equipped with a kitchenette,small wares,furniture,décor,keypad entry,and efficient through-wall electric heat/cool units for individual climate control. These suites add valuable flexibility for extended-stay guests,workforce accommodation,and shorter-term rentals while maintaining the overall feel and function of a well-run apartment building.
Major capital improvements have already been completed,including a complete exterior revitalization with new cladding,windows,and doors,along with repoured sidewalks. Additional improvements include a boiler replaced in 2022,four newer hot-water tanks,ample electrical capacity,and approximately 20+ on-site parking stalls. Exterior work currently underway will be completed prior to possession,with no outstanding maintenance project for a new owner to tackle.
The property is owner operated with low overhead and minimal staffing requirements. A main-floor common area includes two coin-operated washers and two coin-operated dryers,plus separate laundry for housekeeping if desired.
Located in the heart of Redcliff,steps from Main Street,next to the museum,and minutes from the Trans-Canada Highway,this property is well positioned for both residential tenants and furnished-suite guests. A rare stabilized 20-suite asset with modernized suites,solid tenancy history,meaningful upgrades,generous parking,and multiple income strategies in one standout Southern Alberta property.
Location
Province AB
County 0376
Zoning C2
Direction NE
Interior
Heating Boiler, Combination, Electric, Natural Gas
Cooling Full
Inclusions 20 x Fridge, 10 x Stove, 10 x Hot plate, 10 x Toaster oven, 10 x microwave, 10 x TV with wall mount, all fixtures, furnishings and house wares in main floor suites, 2 x coin washer, 2 x coin dryer, 1 washer, 1 dryer, 10 x wall heat/cool unit, 10 x wall A/C, various janitorial supplies.
Fireplace No
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 20
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Slab
Others
Restrictions None Known
Nearby Locations