House
$949,000
220 First Street E
Downtown, Cochrane281 days on market
listed by First Place Realty
MLS® A2279789
#, 9802 98 Avenue
$1,095,000
#, 9802 98 Avenue
Downtown, Peace River · MLS® A2348607
14
7,712 sq ft · Condo · Multi-family · built 1969 · 27 days on market
listed by Donna Boyne, RE/MAX Grande Prairie
realtor's description
Welcome to Sun Valley Apartments. This well cared for 15 unit apartment for sale fully occupied, in the beautiful town of Peace River. Some recent upgrades to several units including flooring, paint , kitchen cabinets etc. Situated in the Heart of Peace River down town close to all the amenities. Local economy is supported by surrounding oil and gas, farming/agriculture , and supporting several surrounding numerous communities . This apartment is professionally property managed, small common area, 14 parking stalls and some long term tenants. Build your rental portfolio to the next level with adding this great building to it.
property details
- type
- Condo, Multi-family
- living area
- 7,712 sq ft
- parking
- 14
- year built
- 1969
- property tax
- $14,036 / yr
- days on market
- 27
- MLS®
- A2348607
monthly cost
$5,940/mo
Mortgage $4,771 · Tax $1,170
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.
if you rented it out
- rent
- $1,190/mo
- after all costs
- −$4,881/mo
- cap rate
- -0.1%
- yearly net rent ÷ price
Costs: mortgage $4,771 · tax $1,170 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a studio in Alberta: CMHC's average there ($1,185) 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
location
Downtown, Peace RiverGoogle Maps ↗
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