$2,490,777
1-19 (no 3 or 13), 4940 49 Street
Beds
—
Baths
—
Sqft
—
Year
1975
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
Rare Investment Opportunity – Fully Renovated Apartment Building in Rocky Mountain HouseDon’t miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House with potential to add 2 more stories! With $1 million in high-quality renovations, this 17-unit concrete and stone building is a rare asset—ideal for investors looking for long-term stability and returns. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use.Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. (id:65958)
- Subtype
- Multi-family
- Structure
- Apartment
- Community
- Rocky Mtn House
- Common interest
- Freehold
- Living area
- 6,801 square feet
- Parking
- 30 total
- Stories
- 1
- On market
- Jun 26, 2025
- Status changed
- Apr 16, 2026
- Annual tax
- $15,415.2 (2025)
- Zoning
- Core Commercial
- Photos
- 49
- MLS#
- A2234841
- Area
- ROCKY_MOUNTAIN_HOUSE
Features and systems
Parking
Lot
Community
Cash on cash
-11.40%
Cap rate
3.61%
GRM
16.7
Break-even rent
$17,431
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 Rocky Mountain House. 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 16, 2026.