50 Whitecourt Avenue

This 27-unit low-rise apartment building at 50 Whitecourt Avenue in Whitecourt was built in 1980 and contains a mix of bachelor, one-bedroom and two-bedroom suites ranging from 560 to 776 square feet. Located directly across from the Allan & Jean Millar Center, the property offers convenient access to recreational facilities. The building has been actively maintained, with a new roof and common area flooring installed in 2019, plus updated hot water tanks in 2017 and 2023. Water and heat are included in rent, with tenants covering electricity. Before committing to a purchase, prospective investors should obtain and review the reserve fund study, financial statements, board minutes, and insurance documentation to understand the building's condition, operational costs, and long-term capital plans.