• A 16 unit townhome complex built in 2008, each unit offers ± 1,200 square feet of open main floor space.

These well designed units feature 3 bedrooms and 1.5 bathrooms with balconies and excellent curb

appeal make these suites ideal for retaining long term tenants. Existing on-site management in place.

• Each unit features 2 decks (1 main front, 1 main rear) and 1 balcony, an unfinished basement with ample

room for storage, fibre optics ready and appliances included (washer, dryer, fridge, stove, dishwasher).

Separately metered utilities make for lower operating costs and easier management.

• Situated in Vegreville, this property is within walking distance to many local amenities including schools, playgrounds, an outdoor skating rink, shopping and easy access to major arteries.

• Exciting up-and-coming developments include the new Vegreville Agri-Food 80 Acre Industrial Park,

and the new grain elevator which includes 35,000 tonnes of concrete storage and looped rail access.

www.rcedm.ca

C A P I TA L

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Chris Davies, VPMulti-Family & Investment780 905 7562 chris@rcedm.ca

Luke Gervais, AssociateMulti-Family & Investment403 918 5000 luke@rcedm.ca

16 UNIT TOWNHOME INVESTMENT OPPORTUNITY5901/29 - 48A STREET & 5902/30 - 48 STREET VEGREVILLE | ALBERTA

PROPERTY HIGHLIGHTS

MUNICIPAL5901/29 - 48A STREET &5902/30 - 48 STREETVEGREVILLE | ALBERTA

LEGAL PLAN LXXX, BLOCK 72

LOT SIZE

± 33,939 SQUARE FEET*THE ± 24,000 AT THE EAST ENDIS AVAILABLE FOR PURCHASE SEPARATELY (WILL BE SUBDIVIDED)

SUITE MIX (16) THREE BEDROOM

YEAR BUILT 2008

NOTES SEPARATELY METERED UTILITIES

PROPERTY DETAILSUnit # Suite Type Current Stabilized Rent

5901 3 Bedroom $1,195 $1,295

5902 3 Bedroom $1,245 $1,295

5905 3 Bedroom $1,245 $1,295

5906 3 Bedroom $1,245 $1,295

5909 3 Bedroom $1,195 $1,295

5910 3 Bedroom $1,195 $1,295

5913 3 Bedroom $1,195 $1,295

5914 3 Bedroom $1,195 $1,295

5917 3 Bedroom $1,245 $1,295

5918 3 Bedroom $1,145 $1,295

5921 3 Bedroom $1,195 $1,295

5922 3 Bedroom $1,195 $1,295

5925 3 Bedroom $1,245 $1,295

5926 3 Bedroom $1,195 $1,295

5929 3 Bedroom $1,195 $1,295

5930 3 Bedroom $1,195 $1,295

Monthly $19,320 $20,720

Annual $231,840 $248,640

RENT ROLL

FOR SALE | 16 UNIT TOWNHOME INVESTMENT OPPORTUNITY

LIST PRICE: $3,200,000 $3,040,000($190,000 PER DOOR)

FLOORPLAN

FOR SALE | 16 UNIT TOWNHOME INVESTMENT OPPORTUNITY

CURRENT INCOME & EXPENSES CURRENT FINANCIAL PERFORMANCE

Current CAP Property Price $/Door

5.49% $3,040,000 $190,000

Annual /Unit/Yr

INCOME

Scheduled Income $231,840 $14,490

Laundry $0 $0

Vacancy (6%) -$13,910 -$869

Total Income $217,930 $13,621

EXPENSES

Taxes (2021) $11,148 $697

Management (5%) $10,896 $681

Misc $1,600 $100

Utilities (Est.) $800 $50

Caretaker $3,600 $225

R & M $9,600 $600

Insurance $13,467 $842

Total Expenses $51,112 23.45%

Net Operating Income $166,818

List Price $3,040,000

Mortgage (New 3%, 5 yr, 25 yr am) $2,280,000

Loan to Value 75%

Downpayment $760,000

Net Operating Income $166,818

Mortgage Payment (est) $129,480

Cash Flow $37,338

Cash on Cash Return 4.91%

Mortgage Paydown (est) $66,236

Return on Equity (Exclusive of appreciation) 13.63%

PROFORMA INCOME & EXPENSES PROFORMA FINANCIAL PERFORMANCE

Proforma CAP Property Price $/Door

6.06% $3,040,000 $190,000

Annual /Unit/Yr

INCOME

Scheduled Income $248,640 $15,540

Laundry $0 $0

Vacancy (6%) -$12,432 -$777

Total Income $236,208 $14,763

EXPENSES

Taxes (2021) $11,148 $697

Management (5%) $11,810 $738

Misc $1,600 $100

Utilities (Est.) $800 $50

Caretaker $3,600 $225

R & M $9,600 $600

Insurance $13,467 $842

Total Expenses $52,026 22.03%

Net Operating Income $184,182

List Price $3,040,000

Mortgage (New 3%, 5 yr, 25 yr am) $2,280,000

Loan to Value 75%

Downpayment $760,000

Net Operating Income $184,182

Mortgage Payment (est) $129,480

Cash Flow $54,702

Cash on Cash Return 7.20%

Mortgage Paydown (est) $66,236

Return on Equity (Exclusive of appreciation) 15.91%

The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser/Tenant.

Edmonton’s ONLY RE/MAX Commercial Office

RE/MAX Commercial Capital | Ritchie Mill#302, 10171 Saskatchewan Drive

Edmonton, AB T6E 4R5 | 780 757 1010

www.rcedm.ca

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VEGREVILLEPYSANKA

POPULATION (2020)5,861 (A 1.03% INCREASEFROM 2019)

NEW TEMPORARYRESIDENTS (2020)

80 (A 23.1% INCREASEFROM 2014)

AVERAGE INCOME (2018)

$89,800

MAJOR CONSTRUCTIONPROJECTS (2020)

$9,900,000

NUMBER OFBUSINESSES (2020)

266

-$-

60

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V E G R E V I L L E

KINSMENPARK

FOR SALE | 16 UNIT TOWNHOME INVESTMENT OPPORTUNITY

Chris Davies, VPMulti-Family & Investment780 905 7562 chris@rcedm.ca

Luke Gervais, AssociateMulti-Family & Investment403 918 5000 luke@rcedm.ca

HIGHWAY 16

47

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HIGHWAY 857

75 S

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ST. MARY’SSCHOOL

VEGREVILLEHIGH

SCHOOL

KINSMENGOLF

COURSE

VEGREVILLE AGRI-FOODINDUSTRIAL

PARK

ST. JOSEPH’SHOSPITAL

VEGREVILLEREGIONALAIRPORT