#18 5328 54 St, Cold Lake, Alberta T9M 1W1

This could be the perfect starter home for a single individual or young couple, or a good investment property at a monthly cost cheaper than rent, with cash flow potential. There are two bedrooms, a living room with a wall mounted electric fireplace, that does a really good job of heating up the whole unit, a dining area, both a 6'x6' storage area inside the unit, & a 4'x4' storage area outside off the deck. The bathroom is actually quite spacious too. The rental unit has been upgraded with quality vinyl plank flooring. Presently the unit has very good long term tenants paying $1,000/month with their lease coming up for renewal the end of June 2024. The tenants would like to continue to rent the unit. (id:27476)

Located in the city of Cold Lake, Alberta, this property is a condominium/strata type ownership with a convenient location near amenities such as playgrounds, public transit, schools, and shopping. It could serve as an ideal starter home for a single individual or young couple, or as a profitable investment property with a monthly cost lower than rent and potential for cash flow.

The unit features two bedrooms, a living room with a wall-mounted electric fireplace that effectively heats the entire space, a dining area, and both a 6'x6' storage area inside the unit and a 4'x4' storage area outside off the deck. The bathroom is also surprisingly spacious, and the rental unit has been upgraded with high-quality vinyl plank flooring. Currently, the unit is occupied by long-term tenants who are paying $1,000 per month, with their lease set for renewal at the end of June 2024. The tenants have expressed interest in continuing to rent the unit.

For those interested in purchasing, this property is for sale and offers the convenience of nearby land amenities including playgrounds, public transit, schools, and shopping. It is located at #18 5328 54 ST, with a postal code of T9M1W1. The unit has a total of 1 bathroom and 2 bedrooms, with heating provided by baseboard heaters. The property type is an apartment, making it an attractive option for potential buyers.