7148 Parke Avenue | Red Deer, AB | Northfield Commercial Real Estate
Red Deer, AB
Property Type Multifamily
List Price $2,090,000
Address 7148 Parke Ave
City Red Deer
Lease or Sale sale
SQFT 26,718 Sqft
Active / Sold active
This nineteen suite apartment building is located at 7148 Parke Avenue in Red Deer, Alberta.
It is a two and a half storey, low-rise, wood-frame construction building with balconies. It was built in 1980. Parking is surface and paved.
The suite mix is 1 one-bedroom suite, 9 two-bedroom suites and 8 three-bedroom suites. There is also a non-conforming bachelor suite.
The building is located in an ideal location and experiences long-term tenants, and low vacancy rates (2% in 2020).
The building has received recent upgrades including: cabinetry, flooring, interior doors, light fixtures, fresh paint, and new trim. The roof, siding and balconies have all be replaced or refinished in the last ten years.