5006 53 Avenue , Stony Plain

Stony Plain Apartments is a twelve suite apartment building located at 5006 - 53 Avenue in Stony Plain, Alberta in the historic Old Town neighbourhood. It is a two and a half storey low-rise, wood-frame construction building with balconies. It was built in 1979. Parking is surface, gravel and powered. The suite mix is 2 one-bedroom suites, 6 two-bedroom suites, 4 two-bedroom with balcony suites. The units are large, and have been renovated as required. Three suites have received major renovations. Each unit is individually powered - tenants pays owns power. Occupancy has always been 100%, with many long term tenants and an older demographic. All 1 year leases renew in June. There are two coin-operated washers and dryers, price at $2/load. Windows have been replaced within the last 5 years. In 2013/2014 two high efficiency boilers that alternate 30 day intervals were installed. There is a small shed in the back. Property is well taken care of and professionally managed. Rents are currently under market.

Property Details

Listing Office: Northfield Commercial

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