About 5109 51 Street
This 2.5 story wood-frame construction apartment complex is located in the popular town of Wabamun. Wabamun is home to over 1,000 residents. Just 45 kilometres west of Edmonton, Wabamun is home to the popular Wabamun Lake (walking distance). Numerous summer + winter fishing spots and boat launches. The building consists of 17 units. Mix of 2 x bachelors / 15 x 1 bedrooms. All fully rented. Newer builder. Professionally managed. Gross income over $195,000 / annually. You won't find a cap rate of 7.26% anywhere else.
Features of 5109 51 Street
| MLS® # | E4439592 |
|---|---|
| Price | $1,618,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1978 |
| Type | Multi-Family Commercial |
| Status | Active |
Community Information
| Address | 5109 51 Street |
|---|---|
| Area | Wabamun |
| Subdivision | Wabamun |
| City | Wabamun |
| County | ALBERTA |
| Province | AB |
| Postal Code | T0E 2K0 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Suite | No |
| Has Basement | No |
Exterior
| Exterior | Wood Frame, See Remarks |
|---|---|
| Construction | Wood Frame, See Remarks |
Additional Information
| Date Listed | May 30th, 2025 |
|---|---|
| Days on Market | 4 |
| Zoning | Zone 93 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Pam Gill Of Sutton Central Commercial Real Estate |
|---|