$949,000
1-8, 3105 51 Avenue
Beds
—
Baths
—
Sqft
—
Year
1985
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lloydminster. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Well maintained 8-unit apartment building located in Lloydminster, Alberta, offering a strong investment opportunity with full occupancy and the majority of tenants being long term. This building features 4 two-bedroom units, all with private balconies, plus 4 one-bedroom units, 3 of which include balconies. The property has seen several important updates and improvements over time, PVC windows in 2022, steel entry door security upgrades in 2025, new carpet in the common areas in 2024, hot water tank replaced in 2024. The building is heated by a hot water heating system with a Triangle Tube boiler installed in 2020 with a recent flush in 2026. Outside, there is a paved parking lot with back lane access and 7 electrified parking stalls for tenant convenience. These 8 units are separately titled, which accommodates a future clean exit strategy. A solid, well-cared-for revenue property in a desirable Lloydminster location. (id:65958)
- Subtype
- Multi-family
- Structure
- Apartment
- Community
- Steele Heights
- Common interest
- Freehold
- Living area
- 5,896 square feet
- Lot size
- 10,240 square feet
- Lot dimensions
- 10240.00
- Parking
- 8 total
- Stories
- 2
- On market
- Apr 10, 2026
- Status changed
- Apr 25, 2026
- Annual tax
- $6,299.07 (2025)
- Zoning
- MDR
- Photos
- 45
- MLS#
- A2300124
- Area
- LLOYDMINSTER
Features and systems
Parking
Basement
Appliances
Heating
Flooring
Foundation
Lot
Community
Security
Cash on cash
-6.55%
Cap rate
3.55%
GRM
16.6
Break-even rent
$5,840
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: 4.5% rate, 30-year amortization, 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 25, 2026.