Turnkey 18-Suite Apartment Building – Fully Rented & Income Generating | Prime Whitecourt Location.Investor’s Dream – Strong Cash Flow + Long-Term Upside.Now is the time to diversify your portfolio with this rare, high-performing 18-unit multifamily asset located directly across from the Whitecourt Hospital and walking distance to the Allan & Jean Millar Centre. This fully tenanted building offers immediate income, long-term appreciation, and tax advantages—all in one solid investment. Property Features: 16 spacious 2-bedroom suites + 2 well-designed 1-bedroom suites. Fully occupied – consistent rental income from day one. New high-efficiency boiler installed in Sept 2022 – major capital upgrade complete. Excellent location with transit nearby, strong tenant demand. Well-maintained building with stable tenancy. Assumable CMHC-insured mortgage (~$1.286M) – obligation until 2033. Investment Highlights: Reliable monthly income + strong existing cash flow. Build equity while tenants pay down your mortgage. Hedge against inflation with real asset appreciation. Tax-efficient investment with depreciation benefits. Surging demand for rentals in healthcare & amenities-adjacent areas. Unlock Passive Income & Long-Term WealthWhether you’re a seasoned investor or expanding your multifamily holdings, this income-generating property is a low-risk, high-reward opportunity. NO VTB (id:57557)
| MLS® Number | A2228412 |
| Property Type | Multi-family |
| Neigbourhood | Hilltop |
| Plan | 7821864 |
| Constructed Date | 1970 |
| Size Exterior | 17865 Sqft |
| Size Interior | 17,865 Ft2 |
| Total Finished Area | 17865 Sqft |
| Type | Multi-family |
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | R-4 |
https://www.realtor.ca/real-estate/28492005/5-sunset-boulevard-whitecourt
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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