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5109 51 St 17 Unit Apartment Building $1,618,000 CAD ($95,176 CAD/Unit) 7.26% Cap Rate 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 | $1,618,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $95,176 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 7.26% | Building Size | 14,000 SF |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Zoning | RA7 - Commercial Residential | ||
| Price | $1,618,000 CAD |
| Price Per Unit | $95,176 CAD |
| Sale Type | Investment |
| Cap Rate | 7.26% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 14,000 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | RA7 - Commercial Residential |
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5109 51 St
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