$49,000
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2 Beds
1 Bath
726 SqFt
SOLD DATE : 10/09/2023
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 726 sqft
Price per Sqft $61
Subdivision Downtown
MLS® Listing ID A2065717
Style High-Rise (5+)
Bedrooms 2
Full Baths 1
Condo Fees $637/mo
Year Built 1978
Annual Tax Amount $209
Tax Year 2023
Property Description
CALLING ALL PROPERTY INVESTORS -- Ideal investment opportunity! This 2-bed, 1 bath apartment has an excellent location: next door to the 18-hole Miskanaw Golf Club, with park, walking trails, water and sunset views and just steps away from the abundant amenities of McDonald Island Park. Residents of River Park Glen enjoy access to an on-site day-care, church, children's dance studio, community gardens, fitness, and recreation center, full-time on-location property management, and 24/7 patrolled security. -- The condominium corporation is led by an experienced board of directors and has a long history of active management and consistent improvements. In fact, a 2020 independent risk assessment report rated River Park Glen SUPERIOR and noted that it has ?best in class management processes which SIGNIFICANTLY EXCEED similar condominium corporations? -- Moreover, River Park Glen is now the highest-rated multifamily property in Fort McMurray on Google, with a rating of 4.4/5 from over 275 resident reviews! -- And hundreds of thousands of dollars of improvements and beatification have taken place the last couple of years and further improvements are ongoing! -- But it's not just the property that is on the upswing - the whole neighborhood is poised for growth as the municipality has recently committed to investing millions into downtown revitalization via new infrastructure, beautification initiatives, events, and park development. -- This unit is currently part of an (optional) professionally managed rental pool which provides investors with cash flow every single month (even if the unit is vacant) and eliminates the risks and out of pocket costs inherent with individual management. This is a popular option for hundreds of investors from across Canada. -- But, even if you're looking for a first home, this is an incredible opportunity to buy a condominium at prices which would have been UNKTHINKABLE just a few years ago! Now is a great time to get in at the bottom of the market before prices start to rise again!
Location
Province AB
County Wood Buffalo
Area Fm Southeast
Zoning BOR1
Interior
Heating Hot Water
Cooling None
Flooring Linoleum, Vinyl Plank
Exterior
Garage Parkade
Garage Description Parkade
Community Features Park
Amenities Available Community Gardens, Day Care, Recreation Facilities, Visitor Parking
Exposure W
Building
Story 14
Structure Type Concrete
Others
Pets Description Restrictions
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