16 UNIT TOWNHOME INVESTMENT OPPORTUNITY
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• 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 CAPITAL F O R S A L E Chris Davies, VP Multi-Family & Investment 780 905 7562 [email protected] Luke Gervais, Associate Multi-Family & Investment 403 918 5000 [email protected] 16 UNIT TOWNHOME INVESTMENT OPPORTUNITY 5901/29 - 48A STREET & 5902/30 - 48 STREET VEGREVILLE | ALBERTA PROPERTY HIGHLIGHTS
Transcript of 16 UNIT TOWNHOME INVESTMENT OPPORTUNITY
• 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 [email protected]
Luke Gervais, AssociateMulti-Family & Investment403 918 5000 [email protected]
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 [email protected]
Luke Gervais, AssociateMulti-Family & Investment403 918 5000 [email protected]
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
