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2-8 2337 20 Avenue
NONE Bowden T0M 0K0

$550,000
Multi-Family 2,936 sq. ft. built: 1968

Main Photo: 2-8 2337 20 Avenue: Bowden Apartment for sale : MLS®# A2192944
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2192944
Year Built:
1968
Nestled in the quaint and quiet town of Bowden, this 7-suite apartment building is a rare find. Located within walking distance of local amenities, parks, arena and the k-12 school, this property is ideal for those seeking a tight-knit community vibe with all the conveniences of being located on the QE2 highway. This apartment is perfect for long-term tenants who enjoy a cozy and homely atmosphere. The building is currently occupied by long-term tenants, ensuring a stable and reliable rental income, with the manager living on site in one of the suites. The building has 3 studio apartments on the lower level, and 4- 2 bedroom suites located the the upper 2 floors. The top floor units have vaulted ceiling to create an even bigger feel. While the building is maintained, there is need for updates and modernization, offering an excellent opportunity for investors to increase the property's value and appeal. 10' x 10' shed with 6' roll up door. Building is no smoking and no pets. Tenants pay for power, telephone and cable. This property is perfect for investors seeking a stable income stream with the potential for future growth. Whether you're looking to expand your rental portfolio or make your first investment, this 7-suite apartment building in Bowden is a promising opportunity.
Property Type:
Multi-Family
Property Sub Type:
Apartment
Transaction Type:
For Sale
Total Living Area:
2,936 sq. ft.
Below Grade Finished Area:
1,095 sq. ft.
Lot Area:
8,250 sq. ft.
Lot Details:
110' x 75
Stories Total:
2
Levels:
Multi Level Unit
Year built:
1968 (Age: 57)
Bathrooms:
- (Full:-, Half:-)
Plan:
54JK
Heating:
Baseboard, Boiler, Natural Gas
Foundation:
Poured Concrete
Furnished:
Unfurnished
Construction Material:
Concrete, Stucco, Wood Frame
Structure Type:
Low Rise (2-4 stories)
Roof:
Metal
Ensuite:
No
Flooring:
Carpet, Laminate, Vinyl
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Garage:
0
Parking:
Parking Pad
Parking Places:
7
Parking Total/Covered:
7 / -
Laundry Features:
In Basement
NONE
Electric Stove, Gas Dryer, Refrigerator, Washer
7 fridges, 7 stoves, 2 dryers(bottom one broken), 1 coin operated washing machine, garden shed
Non-Smoking Building
No
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby
Exterior Features:
Awning(s), Covered Courtyard, Lighting, Storage
Lot Features:
Back Lane, Corner Lot, Lawn, Level, Near Golf Course, Near Shopping Center, Street Lighting
Num. of Parcels:
0
Fencing:
None
Region:
Red Deer County
Zoning:
R-2
Listed Date:
Feb 12, 2025
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Listed by RE/MAX real estate central alberta
Data was last updated April 7, 2025 at 10:05 PM (UTC)
DIANE RICHARDSON
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.