INVESTOR ALERT! Welcome to the charming town of Three Hills and this exceptional investment opportunity.
Each four-plex has four identical bi-level corner units, with each unit providing a private entrance, dedicated furnace, and hot water tank. Each unit has approximately 890 sqft of finished space and features two bedrooms, one 4-piece bathroom, spacious open living/dining area, a vaulted ceiling, and a large storage room. Plus, each building has 8 gravel parking stalls providing convenience for tenants.
The building has been impeccably maintained and features a quiet location centrally located within walking distance to downtown, Anderson Park, Kinsman Park, aquatic centre, splash park, childcare services, Kneehill Medical Clinic and Three Hills School.
Three Hills is a vibrant community located in the heart of Alberta, just 130 kilometers northeast from Calgary. The local economy is diverse, with a range of businesses spanning healthcare, agriculture, and retail. It's a town with a strong sense of community and a high quality of life. The town is known for its excellent education system, with Prairie College and the Three Hills School District providing world-class education opportunities.
So, if you're an investor or a homeowner looking for an attractive investment opportunity with positive net operating income, a solid capitalization rate, proven rental history, in a community with low vacancy rates, this property warrants a closer look. This legal four-plex was condominiumized in 2012 for the purpose of the Condominium Act, Condominium Plan No. 1212190. However the owner(s) have never run the property as a condominium. Inasmuch as condominium fees have never been levied on the subject property, an Estoppel Certificate cannot be provided by the Owners. Each unit has it's own title (refer to supplements). Taxes reflect the total for all four units. Contact me today to learn more about this unique investment opportunity.