AB > Cochrane > East End
Cochrane, AB T4C1Z5,105 First AVE E
Cochrane, AB T4C1Z5,105 First AVE E
Cochrane, AB T4C1Z5,105 First AVE E
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Ahmed Arshad

Ahmed Arshad

RE/MAX iREALTY INNOVATIONS

+1(403) 399-2170
$1,839,000
Est. payment /mo
8,600 Sqft Lot
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UPDATED:

11/03/2024 03:00 AM

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision East End

MLS® Listing ID A2141553

Originating Board Calgary

Year Built 1973

Annual Tax Amount $8,953

Tax Year 2023

Lot Size 8,600 Sqft

Acres 0.2

Property Description

THIS PROPERTY IS CONDITIONALLY SOLD UNTIL NOVEMBER 1ST, 2024. Are you ready to take your investment game to the next level with a TURN-KEY, RENOVATED 9-unit apartment building? Look no further than this exceptional multifamily property in Cochrane, AB offering an excellent mix of 4-two bedroom units and 5-one bedroom units. There is virtually nothing left to do but sit back, collect rent, watch your investment grow, and CASH FLOW. This town is experiencing unprecedented growth, with next to zero vacancy and not many rentals available, making it the ideal location for savvy investors. Tenants can walk to work and as is the case already for some of them which have reduced parking requirements. The building itself has been impeccably maintained, with recent improvements like new back door, fresh paint, new flooring, baseboards and most trim throughout all units; all bathrooms have been renovated and most kitchens. The kitchens that didn't get fully renovated received refinished cabinets, countertops, with new sinks and faucets. The appliances that needed replacement have been replaced and the rest are in great shape. The windows on the main floor were changed approximately 16 years ago, conveniently adding more energy savings to an already well-insulated building. The lights were all changed to LED to lower your energy bill. The balconies have all been redone and the boiler has been meticulously maintained with regular servicing and updated valves. The interior of the units received new shut-off valves for ease of operation. The garage can be utilized to install a storage locker and bike storage for additional income if needed. The rents are already competitive, but there's still room to increase them, giving you even more potential for profit. With fantastic financing options available through CMHC, this is an opportunity you don't want to miss. Cochrane's booming job market and small-town charm make it a magnet for quality tenants. Contact your trusted realtor now for more information on rent rolls, expenses, and how to make this investment yours!

Location

Province AB

County Rocky View County

Zoning R-HD

Interior

Inclusions 9 FRIDGES, 9 STOVES, 1 COIN OPERATED WASHING MACHINE, 1 COIN OPERATED DRYER

Exterior

Total Parking Spaces 9

Others

Restrictions None Known

Tax ID 84130259

Ownership Private

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Listed by CIR Realty

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  • I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
    Kiro Seremetkoski
  • Definitely will recommend to those who is looking for their new home.
    Jeric Salazar
  • Erica Salazar
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Ahmed Arshad
Ahmed Arshad
Realtor

+1(403) 399-2170

1301 8th Street SW, Calgary, AB, Canada

https://www.calgarymlshomes.com/

Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.