Address
118 Millennium Drive, Fort McMurray, AB
Price
$ 9,527,500
Property Attributes
  • ID#A2096646
  • TypeMulti-Family
  • CountyFORT MCMURRAY REALTORS
  • CityFort McMurray
  • NeighborhoodTimberlea
  • ZipT5K 2S8
  • Style
  • Price$ 9,527,500
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description

Strategically situated in a highly sought-after location, this multi-family property offers convenience and accessibility for residents and guests alike.Boasting 66 units with a blend of 1 and 2-bedroom suites, this property presents a lucrative investment opportunity with its current operation as a short-term stay hotel.A rare turnkey investment with all units fully furnished, providing immediate revenue-generating potential. The seamless transition for new owners is a key advantage.The property features a mix of 1 and 2-bedroom suites, catering to various tenant needs and ensuring a broad market appeal.With a successful track record as a short-term stay hotel, this property has demonstrated its ability to generate consistent and substantial income.Efficiently managed and maintained, this property has a solid operational foundation in place, reducing the burden on new owners and ensuring continued success.Positioned in an area with high demand for short-term accommodations, the property benefits from a steady stream of tenants seeking comfortable and furnished living spaces.The property may come with an established brand in the short-term stay market, offering a valuable asset to the new owner.Beyond its current use, this property presents potential for conversion or expansion, providing flexibility for investors looking to maximize their returns.A detailed financial performance report is available, showcasing the property's revenue, expenses, and profitability, supporting informed decision-making for prospective buyers.The property's design and ambiance contribute to a positive community atmosphere, making it an attractive destination for both short-term and long-term residents. (id:7434)

General Features

Property Type Multi-family
Zoning Description C3
CommunityName Timberlea
Building Type Multi-Family

Interior Features

Building Fireplace Present False

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in T5K 2S8

Price
AVG $9.53M
$9.53M
Visits
AVG 349
348
Data Provided by Inside Real Estate®
Year Built
AVG 2007
2007