Description

Revenue generating 11 suite multi-family property with future developement for 65 units on .85 of an acre. Acquire this prime multi-family development site in Alexis park. Easily developed zoned RH1 allowing for a 4-story 54,000 sqft building, will translate to 65 - 800ft2 units. Enjoy over $100,000 in annual rental revenue (with room to increase) while your development plans take shape. The location is located with Turtle Mountain as a backdrop, next to a convenience store, and on a bus route. Site will make for a wonderful purpose-built rental project aimed at affordable housing. Take advantage of CMHC programs that offer some very nice incentives for developers building this type of property. Sellers have priced this property for immediate sale. Their loss is your gain! Call today.