UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 6801.0
Square Footage 6,801 sqft
Price per Sqft $366
Subdivision Rocky Mtn House
MLS Listing ID A2234841
HOA Y/N No
Year Built 1975
Property Sub-Type Apartment
Property Description
Don'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.
Location
Province AB
County 0377
Community Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Zoning Core Commercial
Interior
Heating Boiler
Inclusions 17 sets of (Fridge, stove, microwave, hood fan) 1 washer/1 dryer, All window coverings
Fireplace No
Laundry Common Area, Laundry Room, Main Level
Exterior
Parking Features Off Street, Parking Lot, Paved
Fence None
Community Features Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
Total Parking Spaces 30
Garage No
Building
Lot Description Back Lane, City Lot, Corner Lot
Dwelling Type Low Rise (2-4 stories)
Story 1
Others
Restrictions None Known
Pets Allowed No
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