Courtesy Of Christie Bergman Of MaxWell Progressive

5211-45 Ave, Vermilion, AB

$4,600,000

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19,320

Square feet

About 5211-45 Ave

Welcome to Morton Apartments in Vermillion, well maintained 41 unit Townhomes close to all amenities and Lakeland College. Currently has no vacancy. Current Owners have built this site in 3 phases with first Bldg built in 2009, then in 2013, and last building in 2015. The site sits on 2.55 Acre, 82 energized parking stalls, 60 visitor stalls , There is great opportunity to add another 15-18 units on the site. Current Owners have kept the rents below market, opportunity to increase the Rent. Bldg A, BUILT IN 2009 has 9 units 2 beds/2 baths, Bldg B built in 2013, has 12 Units with 2 beds and 2 Baths and Bldg C built in 2015 with 20 Units, 19 units -2 beds and 2 baths and 1 unit - 1 bed and 1 Bath. All units have in suite laundry , all tenants pay their own power.

Features of 5211-45 Ave

MLS® # E4360203
Price $4,600,000
Square Footage 19,320
Acres 0.00
Year Built 2009
Type Multi-Family Commercial

Community Information

Address 5211-45 Ave
Area Vermilion River
Subdivision None
City Vermilion
Province AB
Postal Code T9X 0A5

Amenities

Parking Spaces 82
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Construction Wood Frame

Additional Information

Date Listed September 28th, 2023
Zoning RF5
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Christie Bergman Of MaxWell Progressive

Listing Map