Property view at 8420 99 Avenue , Peace River - Commercial investment property with 1,324 sqft - Photo 1 of 20 | Calgary real estate investment
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8420 99 Avenue

Peace River, Alberta T8S 1W3
MLS® A225621337 days on marketListed Sep 8, 2025
Exclusive Offering
$9,990,000
1,324Living Space
1989Year Built

Property Overview

Turnkey Investment Opportunity – 39 Townhouse-Style Condos in Peace River, Alberta! Serious investors, take note: this is your chance to acquire a fully tenanted, cash-flowing multi-family asset in one of Alberta’s most promising regions. All 39 of these modern townhouses have been very well maintained and professionally managed with updating having been completed on a consistent basis. Each unit is a two story design which features 3 bedrooms, 2 bathrooms, 5 appliances and a spacious layout. Fully occupied with zero vacancies over the past 4 years giving very stable rental income. The reason this investment stands out is it gives you immediate cash flow from day one with strong rental demand in Peace River and long-term tenant stability, Potential to form a condo association and sell units individually in the future which has an excellent upside in a rising market.

This property offers flexibility in holding as a high-performing rental portfolio or unlock significant equity by converting to individual condo sales.

With Alberta’s market gaining momentum, this is a rare opportunity to capitalize on both short-term returns and long-term growth. Call us for details! Serious inquiries only.

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$7,545/sqft
Premium pricing - ensure strong rent potential

Investment Considerations

Mature Property: Potential value-add opportunity through renovations. Budget for capital improvements.
Extended Market Time: Above average days on market. Seller may be more motivated to negotiate.
Commercial Investment: Evaluate rental demand and property management requirements for this property type.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.