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More details for 9606 101 Av, Plamondon, AB - Multifamily for Sale

Loma Hills - 9606 101 Av

Plamondon, AB T0A 2T0

Multifamily for Sale
$1,680,000 CAD
17,192 SF

Plamondon Multifamily for Sale

Loma Hills is a 16-unit purpose-built rental community situated on approximately 2.12 acres in Plamondon, Alberta. Constructed in 2001 and currently reported at 100% occupancy, the property offers immediate in-place income supported by a diversified unit mix of bachelor, one-bedroom, and two-bedroom suites. The asset has benefited from long-term ownership and multiple capital improvements, including a roof replacement, crawlspace ventilation upgrades, parking resurfacing, fire alarm panel modernization, and suite flooring enhancements. Originally developed as a seniors residence, the property features a single-storey design with step-free access, wide corridors, large windows, skylights, and accessible common areas. Most suites have been upgraded with vinyl plank flooring, all suites have fibre-optic internet connectivity, and one- and two-bedroom units include in-suite laundry. Additional amenities include garage parking, surface parking, mature landscaping, and excess land. The property's location within Plamondon provides convenient access to schools, recreation facilities, grocery services, banking, fuel stations, and community amenities. Adjacent institutions include École Beauséjour, École Plamondon School, and the North Country Co-op Arena, creating a well-established residential setting. Plamondon serves as an urban service area within Lac La Biche County, a region supported by oil and gas, forestry, agriculture, and tourism industries, with transportation connections serving northeastern Alberta. Investment potential is further supported by the property's excess land and original site concept, which may allow future expansion opportunities subject to purchaser due diligence, servicing capacity, design requirements, and municipal approvals. The combination of stabilized occupancy, recent capital investment, accessibility-oriented design, and limited competing purpose-built rental inventory positions the asset as a multifamily investment opportunity in a supply-constrained market.