1-12, 104 1 Street E
$1,500,000
1-12, 104 1 Street E
East End, Brooks · MLS® A2353642
12
6,054 sq ft · Condo · Multi-family · built 1970 · 5 days on market
listed by ROD WILSON, ROYAL LEPAGE COMMUNITY REALTY
realtor's description
12 unit Multi-Family Apartment FOR SALE! This could be the next profitable asset to add to your investment portfolio or your first endeavor into multifamily ownership. Each unit has 2 bedroom, a fridge and stove. Coin operated washer and dryer in the basement. Detached 368 sqft garage for storage. This building in Brooks, has generated good income. The building has been well cared for over the years. 3 units are currently vacant and being renovated. A projected rent roll over $100K could make this a opportunity. With Vacancy rates extremely low in Brooks you are generating good cashflow out of the gate.
property details
- type
- Condo, Multi-family
- living area
- 6,054 sq ft
- parking
- 12
- year built
- 1970
- property tax
- $7,366 / yr
- days on market
- 5
- MLS®
- A2353642
monthly cost
$7,149/mo
Mortgage $6,535 · Tax $614
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
if you rented it out
- rent
- $1,010/mo
- after all costs
- −$6,255/mo
- cap rate
- 0.2%
- yearly net rent ÷ price
Costs: mortgage $6,535 · tax $614 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a studio in Brooks: CMHC's average there ($1,003) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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