Turnkey 18-Suite Apartment Building – Fully Rented & Income Generating | Prime Whitecourt Location.Investor’s Dream – Strong Cash Flow + Long-Term Upside.Now is the time to diversify your portfolio with this rare, high-performing 18-unit multifamily asset located directly across from the Whitecourt Hospital and walking distance to the Allan & Jean Millar Centre. This fully tenanted building offers immediate income, long-term appreciation, and tax advantages—all in one solid investment. Property Features: 16 spacious 2-bedroom suites + 2 well-designed 1-bedroom suites. Fully occupied – consistent rental income from day one. New high-efficiency boiler installed in Sept 2022 – major capital upgrade complete. Excellent location with transit nearby, strong tenant demand. Well-maintained building with stable tenancy. Assumable CMHC-insured mortgage (~$1.286M) – obligation until 2033. Investment Highlights: Reliable monthly income + strong existing cash flow. Build equity while tenants pay down your mortgage. Hedge against inflation with real asset appreciation. Tax-efficient investment with depreciation benefits. Surging demand for rentals in healthcare & amenities-adjacent areas. Unlock Passive Income & Long-Term WealthWhether you’re a seasoned investor or expanding your multifamily holdings, this income-generating property is a low-risk, high-reward opportunity. NO VTB (id:60626)
| MLS® Number | A2228412 |
| Property Type | Multi-family |
| Neigbourhood | Hilltop |
| Plan | 7821864 |
| Constructed Date | 1970 |
| Size Exterior | 17865 Sqft |
| Size Interior | 17,865 Ft2 |
| Total Finished Area | 17865 Sqft |
| Type | Multi-family |
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | R-4 |
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