Multi-Family Apartment Buildings For Sale Alberta

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8420 99 Avenue
Rolling Hills (Peace River) Peace River T8S 1W3

$9,990,000
Commercial

Main Photo: 8420 99 Avenue: Peace River Multi Family for sale : MLS®# A2256213
Photo 1: 8420 99 Avenue: Peace River Multi Family for sale : MLS®# A2256213
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2256213
Build. Type:
Condo Complex
Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only.
Property Type:
Commercial
Property Sub Type:
Multi Family
Transaction Type:
For Sale
Possession:
Possession Date:
Building Type:
Condo Complex, See Remarks
Total Building Area:
1,324 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
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Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1989 (Age: 36)
Bathrooms:
- (Full:-, Half:-)
Plan:
9022586
Heating:
Forced Air, Natural Gas
Structure Type:
Townhouse
Roof:
Asphalt Shingle
Ensuite:
No
Garage:
No
Rolling Hills (Peace River)
39 each of refrigerators, electric stoves, dishwashers, washers, dryers.
None Known
Num. of Parcels:
0
Region:
Peace No. 135, M.D. of
Zoning:
Residential High Density
Listed Date:
Sep 08, 2025
Days on Mkt:
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Listed by Royal LePage Valley Realty
Data was last updated September 16, 2025 at 06:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.