15 Units (102-404), 174 North Railway Street Okotoks, Alberta T1S 0E2



$8,464 Monthly

Welcome to a great investment opportunity in Okotoks, Alberta. Located on North Railway Street, this condo complex is within walking distance to wonderful local Okotoks businesses and is only a short drive to the city limits of Calgary. Now selling a block of 15 residential units (14 - 2 Bedroom units and 1 - 1 bedroom unit) this sale represents half of the total units in the complex 15/30 units. The condo complex has a convenient elevator, underground parking, and sits on a large corner lot. Condo fees are $349/month for the one bedroom unit and up to $552/month for many of the two bedroom units. Owners pay all electricity expenses for their respective units. Condo fees include heat, water, sewer, garbage and lawn maintenance. The current gross monthly revenue for all 15 units is $21,195 a month ($254,340 per annum) but rents are expected to increase to a total gross monthly of $23,795 a month come July 2023 ($285,540 per annum). Monthly expenses are $13,696 ($164,363 per annum). Each of the 15 units are separately titled and the owner would consider selling individually, 2, 4 or 6 unit blocks. (id:20868)

Property Details

MLS® Number A2035926
Property Type Multi-family
Community Name Crystalridge
Parking Space Total 15
Plan 0910178
Road Type Paved Road


Constructed Date 2007
Construction Material Poured Concrete, Wood Frame
Exterior Finish Concrete, Stone, Vinyl Siding
Foundation Type Poured Concrete
Type Multi-family


Acreage No
Size Total Text Unknown
Zoning Description Nc



Contact us for more information

Generating Captcha

Austin Cowley
Broker of Record

(403) 889-7314

Town Residential
#162 12143 40 Street Se
Calgary, Alberta T2Z 4E6

(403) 889-7314

Your Favourites


No Favourites Found


Back to top of page