For Sale · Multifamily

5215 52 Street, Valleyview

5215 52 Street, Valleyview, AB T0H3N0

$629,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

97%

Year Built

2017

About this property

Fully rented 2017 built triplex with garages situated in the growing city of Valleyview that is a city along the trek to the capital of Alberta Edmonton. This triplex presents a unique opportunity for investors and homeowners alike. Located on two spacious city lots, the property is strategically positioned close to downtown shopping, the recreation center, schools, the Valleyview RV park, and the off-leash dog park. Unit A offers 1,341 sq ft above grade, features 5 bedrooms, 3 bathrooms, a fully developed basement, a spacious primary bedroom with a great ensuite, an attached heated garage, main floor laundry, an open-concept layout, and a deck that leads to a massive fully fenced yard. Unit B is 1,357 sq ft, with 2 bedrooms and 2 bathrooms, including a beautiful primary bedroom with an ensuite, large bright windows, tile flooring, an attached heated garage, and a private deck. Unit C is a 1,302 sq ft basement unit with 2 bedrooms, 1 bathroom, a bright white kitchen, and a spacious living area, along with a gravel driveway. Valleyview, known as the "Portal to the Peace," is a growing community with a diverse economy rooted in oil and gas, agriculture, and tourism. The town's strategic location at the crossroads of Highways 43 and 49 makes it a significant hub for transportation and commerce, with over 10,000 vehicles passing through daily. This connectivity not only bolsters the local economy but also makes Valleyview a convenient and attractive place to live. With a population of approximately 1,972 residents and a trading area that serves around 5,000 people, Valleyview offers a close-knit community atmosphere with the amenities of larger urban centers just a short drive away. The town is known for its welcoming residents, excellent investment opportunities, and a supportive environment for business development. For families, Valleyview provides an exceptional quality of life, with access to outdoor recreational activities, including nearby rivers, lakes, and exte nsive wilderness areas that are perfect for hunting, fishing, and exploring. The community’s focus on growth and development, along with its warm, friendly atmosphere, makes it an ideal place for both families and businesses to thrive. This property offers flexibility for multi-generational living, the potential to offset living costs by occupying one unit and renting out the others, or a solid addition to an investment portfolio. Don’t miss this opportunity to own a versatile and income-generating property in Valleyview. **Photos are from before tenants moved in** (id:66811)

Financial sandbox

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Estimate
Purchase price$630K
Down payment30% · $189K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$23K

Annual cash flow

$-12K

Cash-on-cash

-6.39%

DSCR

0.65

Going-in cap

3.62%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

56,755

Households

19,612

Median income

$109,500

Median age

32.9

Daytime population

95,398

5-yr growth

6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 5215 52 Street, Valleyview.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.