3105 51 Avenue

This 8-unit low-rise apartment building at 3105 51 Avenue in Steele Heights, Lloydminster, was built in 1985 and offers a solid investment opportunity. The mix includes four two-bedroom units with private balconies and four one-bedroom units, three with balconies. All units are separately titled, providing flexibility for future exit strategies. The property has been actively maintained, with recent upgrades including new windows, entry security enhancements, common-area carpeting, and a replaced hot water tank. A Triangle Tube boiler was installed in 2020 and recently serviced. Parking includes a paved lot with seven electrified stalls and back lane access. Currently fully occupied by long-term tenants, the building demonstrates good management. Before proceeding with acquisition, a thorough review of the condo documents, including the reserve fund study, financial statements, and board records, is essential to understand ongoing maintenance obligations and the building's financial health.