This low-rise apartment building at 302 1 Street SE in Falher was constructed in 1964 and contains seven units across two floors. The mix comprises five 3-bedroom units with dedicated laundry rooms and two 1-bedroom units sharing coin laundry facilities. Recent listings have valued the property around $700,000, presenting an investment opportunity with strong rental income potential. Keyless entry and separate storage enhance tenant convenience and security. The owner has completed window replacements on lower units, improving the building's envelope. Before proceeding with purchase, a thorough review of condo documents—including the reserve fund study, financial statements, board minutes, and bylaws—is essential to understand the building's long-term maintenance obligations and financial health.