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2-8 2337 20 Avenue
NONE
Bowden
T0M 0K0
$550,000
Multi-Family
2,936 sq. ft.
built: 1968
- Status:
- Active
- Prop. Type:
- Multi-Family
- MLS® Num:
- A2192944
- Year Built:
- 1968
- Photos (44)
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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.273 m2
- Below Grade Finished Area:
- 1,095 sq. ft.102 m2
- Lot Area:
- 8,250 sq. ft.766 m2
- 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 May 2, 2025 at 08:05 AM (UTC)
- DIANE RICHARDSON
- CIR REALTY
- 1 (403) 397 3706
- Contact by Email
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.