351 Monteith Dr Se

Aldersyde, AB, T1V 0E9
Paul Ramikie, RE/MAX Complete Commercial

$1,375,000

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Business Type: Services

Date Listed: Fri, Sep 06, 2019

Property Tax: N/A

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351 Monteith Dr Se

Aldersyde, AB, T1V 0E9

$1,375,000

N/A sqft|Services
Paul Ramikie, RE/MAX Complete Commercial

More to See

Property Description

The developer has completed a lot of preliminary work on this project. There is a development permit DP for the whole site, completed architectural drawings and have allthe sub-trades lined up. Room for quick development and returns, as sales are active with the lowest rental vacancy across Alberta. The developer has built and sold 10 of the 25 units. Hence he hasproved that there is a good market for investors and buyers. Potential profit in the range of $1,100,000 -$1,300,000.00. There is a high demand for three-bedroom and three bath homes. Asking rents in the range of $1,800/mo plus utilities for each of the new townhomes. We have no oil and gas impact in this (MSA) trading region of 50,000 persons as it is mostlytransportation, agricultural and manufacturing base. Some of the risks have been removed from this development. CMHC 2018 Alberta vacancy report - look at the number of 3 bedroom rentals in High River, there arenone, only availability of 4-6 bedrooms

Details

Property Type: Commercial
Property Tax: N/A
Fees: N/A
Last Updated: Fri, September 06, 2019

Key Facts

MLS® #: N/A
Ownership-Type: N/A
Year Built: N/A
sqft: N/A
Date Listed: Sep 06, 2019
Lot Size: N/A
Occupancy: N/A
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Data was last updated Friday, September 6, 2019 at 5:46:00 PM
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RE/MAX Complete Commercial

Calgary, AB

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(403) 607-7375

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Introduction to Investing in Commercial Real Estate

[vc_row][vc_column][vc_column_text]RE/MAX recently released its 2018 Commercial Investor Report (Western Canada Edition), highlighting trends and market activity in several key markets. Following up on the report, we have compiled some introductory tips from some of our brokers and agents for investing…

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