5211-45 Ave, Vermilion, Alberta T9X 0A5

Welcome to Morton Apartments in Vermillion, well maintained 41 unit Townhomes close to all amenities and Lakeland College. Currently has no vacancy. Current Owners have built this site in 3 phases with first Bldg built in 2009, then in 2013, and last building in 2015. The site sits on 2.55 Acre, 82 energized parking stalls, 60 visitor stalls , There is great opportunity to add another 15-18 units on the site. Current Owners have kept the rents below market, opportunity to increase the Rent. Bldg A, BUILT IN 2009 has 9 units 2 beds/2 baths, Bldg B built in 2013, has 12 Units with 2 beds and 2 Baths and Bldg C built in 2015 with 20 Units, 19 units -2 beds and 2 baths and 1 unit - 1 bed and 1 Bath. All units have in suite laundry , all tenants pay their own power. (id:27476)

Welcome to Morton Apartments in Vermillion, a well-maintained complex of 41 townhomes conveniently located near all amenities and Lakeland College. Currently, there are no vacancies, and the property has a total of 82 parking spaces. The site was developed in three phases, with the first building constructed in 2009, followed by additional buildings in 2013 and 2015. Situated on 2.55 acres, the property features 82 energized parking stalls and 60 visitor stalls, with the potential to add 15-18 more units.

The current owners have intentionally kept the rents below market value, presenting an opportunity for the new owner to increase rental rates. The property consists of three buildings: Building A, constructed in 2009, contains 9 units with 2 bedrooms and 2 bathrooms. Building B, built in 2013, comprises 12 units, each with 2 bedrooms and 2 bathrooms. Lastly, Building C, completed in 2015, consists of 20 units, with 19 units featuring 2 bedrooms and 2 bathrooms, and 1 unit offering 1 bedroom and 1 bathroom. All units are equipped with in-suite laundry, and tenants are responsible for their own power expenses.

This property is currently listed for sale and boasts a land size of 111,078 square feet. It is located at 5211-45 Ave in the city of Vermilion, Alberta, with a postal code of T9X0A5.