Courtesy of Nicholas J Golden of RE/MAX Professionals

9921 101 Street
Morinville Morinville T8R 1G2

$819,900
Retail

Main Photo: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
Photo 1: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
Photo 2: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
Photo 3: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
Photo 4: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
Photo 5: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
Status:
Active
Prop. Type:
Retail
MLS® Num:
E4303098
Build. Type:
Freestanding
This is a great investment opportunity or better yet run your business from the main floor retail space of 2466 sq. ft and have the 2 upper apartments pay the mortgage. This newer investment property was built in 2013. Currently composing of 2 separate main floor retail spaces and 2 upper 2 bedroom apartments. The building was set up to be a condominium with 4 separate services. (Owner is willing to sell half (1 retail bay with 1 apartment). This well priced property has a good cap rate. Show and sell with confidence.
Transaction Type:
For Sale
Property Type:
Retail
Construction:
Concrete, Stone, Tilt-Up
Building Type:
Freestanding, Low Rise (2-4 stories)
# Units:
4
Tot Pkg Spaces:
8
# Storeys:
2.0
Year built:
2013 (Age: 9)
Total Floor Area:
4,570 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
C01
Lot Depth:
100'
Lot Frontage:
75'
Plan:
RN8
Title to Land:
Fee Simple
LINC Number:
0010435718
Num. of Parcels:
1
Cap Rate %:
7.12
Gross Operating Income:
$72,000
Other Income:
$0
Effective Gross Income:
$72,000
Net Operating Income:
$58,304
Total Oper. Expenses:
$13,696
Tot Expenses:
$13,696
Entry date:
Jul 06, 2022
  • Photo 1: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
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  • Photo 2: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
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  • Photo 3: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
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  • Photo 4: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
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  • Photo 5: 9921 101 Street: Morinville Retail for sale : MLS®# E4303098
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Data was last updated August 8, 2022 at 10:30 PM (UTC)
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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