$6,150,000
48 SUITES, 4607/4609 51 Avenue
Beds
—
Baths
—
Sqft
—
Year
1981
About this home
FOR SALE: Two Multi-Family Apartment Buildings — Whitecourt, AlbertaLocated in the growing community of Whitecourt, these side-by-side apartment buildings offer a solid multi-family footprint on a single title. Whitecourt is well-known for its strong industrial base, recreation network, and steady workforce population—an easy place to operate long-term residential rentals without the noise of a major urban centre.Property Overview Two 24-unit apartment buildings 48 total units on one title Three-storey construction with straightforward building layouts Suite mix: 24 × 2-bedroom units 22 × 1-bedroom units 2 bachelor suitesBoth buildings have been consistently occupied and offer a practical setup for either a new investor entering the multi-family space or someone adding to an established portfolio. The unit mix supports stable tenancy and appeals to a broad range of renters in the area. (id:65958)
- Subtype
- Multi-family
- MLS#
- A2273705
- Area
- WHITECOURT
Cash on cash
-11.28%
Cap rate
3.63%
GRM
16.7
Break-even rent
$42,916
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.