Okotoks, AB T1S 0E2,174 North Railway ST #8 Units (102-404)
Okotoks, AB T1S 0E2,174 North Railway ST #8 Units (102-404)
Okotoks, AB T1S 0E2,174 North Railway ST #8 Units (102-404)
Okotoks, AB T1S 0E2,174 North Railway ST #8 Units (102-404)
Okotoks, AB T1S 0E2,174 North Railway ST #8 Units (102-404)
Okotoks, AB T1S 0E2,174 North Railway ST #8 Units (102-404)
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$1,750,000

$1,760,000

0.6%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 12/31/2023

Key Details

Sold Price $1,750,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Crystalridge

MLS® Listing ID A2035926

Sold Date 12/31/23

Condo Fees $8,464

Originating Board Calgary

Year Built 2007

Annual Tax Amount $21,252

Tax Year 2022

Property Description

Welcome to a great investment opportunity in Okotoks, Alberta. Located on North Railway Street, this condo complex is within walking distance to wonderful local Okotoks businesses and is only a short drive to the city limits of Calgary. Now selling a block of 15 residential units (14 - 2 Bedroom units and 1 - 1 bedroom unit) this sale represents half of the total units in the complex 15/30 units. The condo complex has a convenient elevator, underground parking, and sits on a large corner lot. Condo fees are $349/month for the one bedroom unit and up to $552/month for many of the two bedroom units. Owners pay all electricity expenses for their respective units. Condo fees include heat, water, sewer, garbage and lawn maintenance. The current gross monthly revenue for all 15 units is $21,195 a month ($254,340 per annum) but rents are expected to increase to a total gross monthly of $23,795 a month come July 2023 ($285,540 per annum). Monthly expenses are $13,696 ($164,363 per annum). Each of the 15 units are separately titled and the owner would consider selling individually, 2, 4 or 6 unit blocks.

Location

Province AB

County Foothills County

Zoning NC

Exterior

Roof Type Asphalt Shingle

Total Parking Spaces 15

Building

Foundation Poured Concrete

Structure Type Concrete,Stone,Vinyl Siding,Wood Frame

Others

Restrictions None Known

Ownership Private

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Mark & Natalie Neustaedter

Mark & Natalie Neustaedter

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