Sylvan Lake, AB T4S2H6,2 Sylvaire Close #1,2,3,4
Sylvan Lake, AB T4S2H6,2 Sylvaire Close #1,2,3,4
Sylvan Lake, AB T4S2H6,2 Sylvaire Close #1,2,3,4
Sylvan Lake, AB T4S2H6,2 Sylvaire Close #1,2,3,4
Sylvan Lake, AB T4S2H6,2 Sylvaire Close #1,2,3,4
Sylvan Lake, AB T4S2H6,2 Sylvaire Close #1,2,3,4
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$600,000

$625,000

4.0%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 10/09/2024

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Cuendet Industrial Park

MLS® Listing ID A2132400

Sold Date 10/09/24

Originating Board Central Alberta

Year Built 2000

Annual Tax Amount $2,961

Tax Year 2023

Property Description

Presenting a remarkable opportunity to secure a dynamic industrial property nestled within Sylvan Lake's prestigious Industrial Park (L2). This offering showcases a capacious industrial edifice boasting Bays 1, 2, 3, and 4, with a generous total area encompassing 4,635 square feet. Currently, three of the four bays are under lease agreements, operating on a month-to-month basis, yielding $1200 per month in rental income, alongside a utility cost of $300. Effective July 1st, 2024, rents are set to escalate to $1400 per month, enhancing the revenue stream. With only 3 of the 4 bays being rented - this building offers the flexibility to either lease out the remaining vacant bay or to utilize it for your own purposes, thereby catering to a myriad of potential ventures. With its prime location within Sylvan Lake's esteemed Industrial Park, this property presents abundant possibilities for expansion, innovation, and lucrative investment.

Location

State AB

County Red Deer County

Zoning I2

Others

Restrictions None Known

Tax ID 84876726

Ownership Private

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Listed by eXp Realty
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