3 Two Story Multi Family Buildings in Redwater

  • Price$1,599,000

5125, 5127 and 5129-50 St, Redwater

The property consists of 3 two-storey buildings on adjoining lots and each building contains 4 townhomes. The middle building is set back from the other two, with a large raised planter full of trees and perennial shrubs in the central courtyard. Six of the townhomes have new, large wooden decks leading from their patio doors to chain-link fenced backyards, while the other six have concrete landings and steps to front- facing chain-link fenced yards. The townhomes are wood frame construction with stucco siding and each has a full and open concrete basements. Each townhome has its own forced air gas furnace, hot water tank and gas fireplace! Monthly rents include $150.00 per unit to cover gas and water utilities, which the owners pay to the Town of Redwater on behalf of the tenants. The tenants pay their own power.

Alberta’s Industrial Heartland has Redwater smack in the middle of it and it shows no signs of slowing. Projects already started are benefiting from lower labour and material costs. The Industrial Hearland has $16 Billion in announced projects & the North West Upgrader (Sturgeon Refinery) is moving along, employing 2,200 people on site as of April 2015. Other major projects include Shell’s carbon sequestration site, projects from Atco, MEG Energy and TransCanada, as well as three other natural gas related companies beginning major capital projects for value-added processing. The future looks bright! The 4-plex layout of the project allows commercial or residential financing at today’s record low interest rates.

Essential Information

  • Price$1,599,000
  • TypeMulti-Family
  • StatusActive

Community Information

  • Address5125, 5127 and 5129-50 St
  • CityRedwater
  • ProvinceAlberta
  • Postal CodeT0A 2W0
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