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5109 51 St 17 Unit Apartment Building £876,842 (£51,579/Unit) 7.26% Net Initial Yield Wabamun Lake, AB T0E 2K0
EXECUTIVE SUMMARY
s 2.5 story wood-frame construction apartment complex is located in the popular town of Wabamun. Wabamun is home to over 1,000 residents. Just 45 kilometres west of Edmonton, Wabamun is home to the popular Wabamun Lake (walking distance). Numerous summer + winter fishing spots and boat launches. The building consists of 17 units. Mix of 2 x bachelors / 15 x 1 bedrooms. All fully rented. Newer builder. Professionally managed. Gross income over $195,000 / annually. You won't find a cap rate of 7.26% anywhere else.
PROPERTY FACTS
| Price | £876,842 | Apartment Style | Low-Rise |
| Price Per Unit | £51,579 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.32 ac |
| Yield | 7.26% | Property Size | 14,000 sq ft |
| No. Units | 17 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built | 1978 |
| Property Subtype | Apartment | Parking Allocation | 1.42/1,000 sq ft |
| Use Class | RA7 - Commercial Residential | ||
| Price | £876,842 |
| Price Per Unit | £51,579 |
| Sale Type | Investment |
| Yield | 7.26% |
| No. Units | 17 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.32 ac |
| Property Size | 14,000 sq ft |
| No. Floors | 2 |
| Year Built | 1978 |
| Parking Allocation | 1.42/1,000 sq ft |
| Use Class | RA7 - Commercial Residential |
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5109 51 St
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