Wembley, AB T0H 3S0,9920 100 ST
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Wembley, AB T0H 3S0,9920 100 ST
Wembley, AB T0H 3S0,9920 100 ST
Wembley, AB T0H 3S0,9920 100 ST
Wembley, AB T0H 3S0,9920 100 ST

$255,000

Est. payment /mo

$275,000

7.3%
Est.Price: ?

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9920 100 ST Wembley, AB T0H 3S0

SOLD DATE : 03/28/2024

Key Details

Sold Price $255,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS® Listing ID A2107078

Sold Date 03/28/24

Originating Board Grande Prairie

Year Built 1981

Annual Tax Amount $2,128

Tax Year 2023

Property Description

AMAZING INVESTMENT OPPORTUNITY. Solid concrete block well maintained building in the heart of Wembley with Canada Post as the long term tenant. They have been there since building was first built. Just renewed for a five year term starting June 1, 2024 to May 31, 2029 at a lease rate of $29000/year gross + GST, and it has options to renew. Landlord costs were $2129 property taxes and $3084 insurance in 2023 which is over an 8% Cap Rate. Not much to do other than deposit the rent on from this strong tenant. The furnace was replaced over the years, building has wheel chair accessibility, and lots of parking at the rear. Take a serious look at this investment.

Location

Province AB

County Grande Prairie No. 1, County Of

Zoning C-1 - COM

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Tar/Gravel

Lot Frontage 30.0

Building

Foundation Poured Concrete

Structure Type Concrete

Others

Restrictions None Known

Tax ID 85000413

Ownership Private

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Listed by Royal LePage - The Realty Group

Jasben Lai

+1(403) 689-5512

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