215 - 10118 100 Avenue, Peace River, AB T8S1R3
Market Overview
Building Features
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.
