$6,150,000
48 SUITES, 4607/4609 51 Avenue
Beds
—
Baths
—
Sqft
—
Year
1981
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
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
- Structure
- Apartment
- Common interest
- Freehold
- Living area
- 43,824 square feet
- Parking
- 54 total
- Stories
- 3
- On market
- Dec 5, 2025
- Status changed
- Apr 18, 2026
- Annual tax
- $34,744.1 (2025)
- Zoning
- R-4
- Photos
- 18
- MLS#
- A2273705
- Area
- WHITECOURT
Features and systems
Appliances
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.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Whitecourt. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
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.