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Tamarack Place 6801 50 Ave 63 Unit Apartment Building $15,988,888 CAD ($253,792 CAD/Unit) 6% Cap Rate Camrose, AB T4V 5G3
INVESTMENT HIGHLIGHTS
- furnished main floor social room with lounge, and a guest suite.
- Within walking distance is the Cornerstones Shopping Centre
- Parking is surface and paved.
EXECUTIVE SUMMARY
Tamarack Place is a sixty-three suite apartment building located at 6801 – 50Avenue in Camrose, Alberta. It is a four storey walk-up, wood-frame construction building with balconies. The building features an elevator, as well as a furnished main floor social room with lounge, and a guest suite. Parking is surface and paved. The suite mix is 63 two-bedroom suites. There are eight different suite layouts, and they range in size from 852 Sq. Ft. – 943 Sq. Ft.
PROPERTY FACTS
| Price | $15,988,888 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $253,792 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.71 AC |
| Cap Rate | 6% | Building Size | 74,488 SF |
| No. Units | 63 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2011 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Zoning | R4 - medium-density residential | ||
| Price | $15,988,888 CAD |
| Price Per Unit | $253,792 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.71 AC |
| Building Size | 74,488 SF |
| No. Stories | 4 |
| Year Built | 2011 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R4 - medium-density residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 63 | - | 852 - 943 |
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Tamarack Place | 6801 50 Ave
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