Blaine Dushanek

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HUGE INVESTMENT OPPORTUNITY​

FOR SALE 4 BUILDINGS WITH 76 SUITES *NEWLY RENOVATED* LOCATED IN NORMANDEAU OF RED DEER​

Normandeau Place is a four building, 76 Suite Apartment complex located at 17 Norquay Street in Red Deer, Alberta. They are all two and a half storey, walk-up, wood-frame construction buildings with balconies. Parking is surfaced and paved. The suite mix for Building A is as follows: 7 One-Bedroom suites, 12 Two-Bedroom suites and 2 Three-Bedroom suites. The suite mix for Building B is as follows: 5 One-Bedroom suites and 12 Two-Bedroom suites. The suite mix for Building C is as follows: 4 One-Bedroom suites and 13 Two-Bedroom suites. The suite mix for Building D is as follows: 7 One-Bedroom suites, 12 Two-Bedroom suites and 2 three-Bedroom suites. Cap rate is lower than market however this property includes additional land that has the potential for an additional 32 units. Vendor is a licenced agent in the Province of Alberta.

CALL BLAINE DUSHANEK (403) 391-9444
 

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