$60,000
$79,900
24.9%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
960 SqFt
SOLD DATE : 02/21/2023
Key Details
Sold Price $60,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 960 sqft
Price per Sqft $62
Subdivision Downtown
MLS® Listing ID A2022676
Sold Date 02/21/23
Style Apartment
Bedrooms 3
Full Baths 1
Half Baths 1
Condo Fees $732/mo
Originating Board Fort McMurray
Year Built 1978
Annual Tax Amount $341
Tax Year 2022
Property Description
**INSTANT CASH FLOW** Rented for $1,600/month and priced well below both replacement value and historical averages, this is the perfect opportunity for property investors! This 3-bed, 1.5 bath apartment has exactly what tenants want: in suite laundry, huge balcony, LVP flooring, and updated tile work! Tenants will love the parking stall which is energized and located in the PARKADE! The location is next door to an 18-hole gold course, Borealis park, the trail system, and the abundant amenities of McDonald Island. Residents will enjoy access to on location amenities such as DAY CARE, LEISURE CENTER, COMMUNITY GARDENS, CHURCH, and CHILDREN’S DANCE STUDIO as well as full-time on-location management and 24/7 patrolled security. River Park Glen is Fort McMurray’s HIGHEST RATED multifamily community on Google. In fact, a 2020 independent risk assessment report rated River Park Glen SUPERIOR and noted that it has “best in class management processes which SIGNIFICANTLY EXCEED similar condominium corporations in the area or province.” The unit is currently part of an (optional) professionally managed rental pool. Property investors may continue with the pooling or manage individually, depending on their preferences. Either way, its an opportunity to buy an undervalued asset with instant rental income within a well-managed, investor-friendly community.
Location
Province AB
County Wood Buffalo
Area Fm Southeast
Zoning BOR1
Direction S
Interior
Interior Features No Smoking Home
Heating Forced Air
Cooling None
Flooring Vinyl Plank
Appliance Dryer, Electric Stove, Refrigerator, Washer
Laundry In Unit
Exterior
Garage Parkade
Garage Description Parkade
Community Features Fishing, Golf, Park, Schools Nearby, Playground, Sidewalks, Shopping Nearby
Amenities Available Party Room, Recreation Facilities, Snow Removal, Trash
Roof Type Flat
Porch Balcony(s)
Exposure S
Total Parking Spaces 1
Building
Story 4
Architectural Style Apartment
Level or Stories Multi Level Unit
Structure Type Concrete
Others
HOA Fee Include See Remarks
Restrictions Non-Smoking Building,Pet Restrictions or Board approval Required,Utility Right Of Way
Tax ID 76136895
Ownership Registered Interest
Pets Description Restrictions
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