Forgot password Extend Verify Contact
Courtesy of David G Parker of Northfield Commercial

28 GARDEN Crescent
Grandin St. Albert T8N 0W9

$2,900,000
Multi-Family Commercial

Main Photo: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 1: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 2: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 3: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 4: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 5: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 6: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 7: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 8: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 9: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 10: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 11: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 12: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Photo 13: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4313248
Build. Type:
Walk Up
Garden Crescent Apartments is a twenty suite apartment building and is a two and a half storey walk-up, concrete construction building with balconies that back onto a lovely large green space. The building is in pristine condition with 80 % of the units completely revamped. Renovations include: New kitchen (including tiled backsplash and new appliances), new bathroom (including tiled tub surround), fresh paint and laminate flooring. It was built in 1964 and was extensively renovated in 2008. There are 23 surface, paved and energized parking stalls. The suite mix is 8 One-Bedroom suites and 12 Two-Bedroom suites. Hot water tanks were replaced in 2005 and 2008 respectively. The exterior of the building has also been upgraded to new vinyl siding. Additional hall storage spaces are available for rent as well. All suite windows were replaced in 2008; new blinds were installed at that time as well.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Walk Up
# Units:
20
Tot Pkg Spaces:
23
# Storeys:
2.5
Year built:
1964 (Age: 58)
Total Floor Area:
24,967 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
R3A
Plan:
0740708
Title to Land:
Freehold
LINC Number:
0032924623
Num. of Parcels:
1
Cap Rate %:
5.13
Gross Operating Income:
$238,008
Other Income:
$0
Effective Gross Income:
$238,008
Net Operating Income:
$148,798
Total Oper. Expenses:
$89,210
Tot Expenses:
$89,210
Entry date:
Sep 14, 2022
  • Photo 1: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 1 of 13
  • Photo 2: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 2 of 13
  • Photo 3: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 3 of 13
  • Photo 4: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 4 of 13
  • Photo 5: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 5 of 13
  • Photo 6: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 6 of 13
  • Photo 7: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 7 of 13
  • Photo 8: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 8 of 13
  • Photo 9: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 9 of 13
  • Photo 10: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 10 of 13
  • Photo 11: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 11 of 13
  • Photo 12: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 12 of 13
  • Photo 13: 28 GARDEN Crescent: St. Albert Multi-Family Commercial for sale : MLS®# E4313248
    Photo 13 of 13
Data was last updated October 1, 2022 at 02:30 AM (UTC)
GREG STEELE
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.