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215 - 10118 100 Avenue, Peace River, AB T8S1R3

Downtown
Year Built
1984
Floors
3
Building Type
Low-rise apartment

Market Overview

Active Listings
1
Avg List Price
$1,999,900

Building Features

ExteriorConcrete,Wood Frame
AmenitiesHeated underground parking, secure parking
Building TypeLow-rise apartment
Floors3 storeys
Year Built1984

About This Building

This low-rise apartment building at 215–10118 100 Avenue in downtown Peace River was built in 1984 and offers a mixed-use investment opportunity. The three-storey property comprises 27 residential units (12 one-bedroom, 10 two-bedroom, and four bachelor suites) alongside four commercial spaces on the main floor. Three commercial tenants currently lease space—an engineering firm, spa business, and medical clinic—generating $5,280 monthly in rent. The building includes 29 titled underground parking stalls and has been owner-managed for two decades. Located within walking distance of downtown amenities, it appeals to investors seeking established income streams. Before finalizing any acquisition, a professional review of the condo documents—including reserve fund studies, financial statements, board minutes, bylaws, and insurance policies—is essential to understand long-term obligations and the building's true condition.

Premium reviews are completed within 24 hours of having all required condo documents. General information, not legal advice.

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