AB > Ponoka > Central Ponoka
Ponoka, AB T4J 1M9,5415 54 ST
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Ponoka, AB T4J 1M9,5415 54 ST
Ponoka, AB T4J 1M9,5415 54 ST
Ponoka, AB T4J 1M9,5415 54 ST
Ponoka, AB T4J 1M9,5415 54 ST
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James Torrens

James Torrens

Real Broker

+1(403) 877-1868
$ 1,950,000
Est. payment /mo
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5415 54 ST Ponoka, AB T4J 1M9

0.53 Acres Lot

UPDATED:

03/13/2025 09:10 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Central Ponoka

MLS® Listing ID A2202165

Year Built 1978

Lot Size 0.530 Acres

Acres 0.53

Property Sub-Type Multi Family

Property Description

Original owner has decided its time to retire after 47 years! This building has been meticulously maintained and offers an attainable 7% CAP rate. Rents have been well below market for several years, but will be brought closer to market on July 1/25. 18 Suites, consisting of 17 two bedroom and 1 one bedroom unit have historically had a very low vacancy rate. Excellent location in a town of over 7000 people. Ponoka has a bustling economy with 3 hospitals, agriculture and energy as well as the Ponoka Stampede. The owner has recently installed two new boilers (hot water heat), flooring in the common areas, fibreglass shingles on roof. Acrylic Stucco, windows, dura deck and deck rails have all been updated in the past few years. All units have had updating over time. There are 18 electrified parking stalls in the paved parking lot on the east side of the building. Plugins for parking are controlled inside each apartment. There are several very long term tenants in the building.

Location

Province AB

County Ponoka County

Zoning R4

Interior

Heating Boiler, High Efficiency, Hot Water, Natural Gas

Inclusions 18 Stoves, 18 Fridges, 2 Token Washers, 2 Token Dryers, All Window Coverings, Garden Shed

Exterior

Roof Type Asphalt Shingle

Lot Frontage 169.6

Total Parking Spaces 18

Building

Lot Description Back Lane, Landscaped, Near Shopping Center, Paved, Street Lighting

Dwelling Type Low Rise (2-4 stories)

Foundation Poured Concrete

Structure Type Concrete,Stucco,Wood Frame

Others

Restrictions None Known

Tax ID 56560815

Listed by Century 21 Advantage
agent

James Torrens

Agent | CON-00095977

+1(403) 877-1868

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5415 54 ST