1-19 (no 3 or 13), 4940 49 Street Active Save Request In-Person Tour Request Virtual Tour
Rocky Mountain House,AB T4T1B6
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,801 sqft
Price per Sqft $366
Subdivision Rocky Mtn House
MLS Listing ID A2234841
Year Built 1975
Property Sub-Type Freehold
Property Description
Rare Investment Opportunity – Fully Renovated Apartment Building in Rocky Mountain HouseDon't miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House with potential to add 2 more stories! With $1 million in high-quality renovations, this 17-unit concrete and stone building is a rare asset—ideal for investors looking for long-term stability and returns. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use.Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
Fence Not fenced
Community Features Pets not Allowed
View Y/N No
Building
Story 1