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$9,990,000
Alberta,Peace River
For Sale Active
8420 99 Avenue, Peace River, Alberta T8S1W3
  • 1,324 Sqft
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Basic Details
Description

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is

a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market. This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales. With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: A2256213
  • Price: $9,990,000
  • Square Footage: 1,324 Sqft
  • Year Built: 1989
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 279391
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
Address Map
  • Location: CA, Alberta, Peace River, Rolling Hills, T8S1W3
  • Street: 99
  • Street Number: 8420
  • Street Suffix: Avenue
  • Longitude: W118° 40' 39.3''
  • Latitude: N56° 14' 0.8''
Financial
  • Tax Annual Amount: 96851
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Listing updated: 2026-06-16 11:36:28
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Listing Information
  • List Agent Key: 1559918
  • List Office Key: 279391
  • Modification Timestamp: 2026-03-08T18:20:42Z
  • Originating System Name: Grande Prairie & Area Association of REALTORS®
  • Status Change Timestamp: 2026-03-08T18:11:38Z
Powered by REALTOR.ca
Listing updated: 2026-06-16 11:36:28
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