Rare Investment Opportunity – MLI Select Approved Apartment Building in Rocky Mountain HouseDon’t miss this exceptional opportunity to own a fully tenanted, turn-key apartment building in the heart of Rocky Mountain House. With $1 million in high-quality renovations scheduled for completion by August 31, 2025 this 17-unit concrete and stone building is a rare MLI Select-approved asset—ideal for investors looking for long-term stability and superior returns of $20K/month with $125,000 down payment. Other notable upgrades: new roof 2015, new windows 2016, new boiler 2020, and both pumps were rebuilt 2025. This professionally managed building features 16 well-designed studio apartments and one spacious one-bedroom unit, all under the expert care of an outstanding on-site manager. The expansive basement, formerly home to 30 underground parking stalls, offers incredible development potential. Whether you envision additional apartment units (subject to town approval), storage lockers, or a tenant recreation space, the possibilities are endless. A small office is already in place for property management or administrative use.Situated on one of the most desirable streets in Rocky Mountain House, the building boasts breathtaking west-facing mountain views, a large paved parking lot, and low-maintenance landscaping. With a concrete and stone exterior, minimal yard work, and close proximity to shopping, dining, and all local amenities, this is truly a prime addition to any investment portfolio. (id:57594)
| MLS® Number | A2234841 |
| Property Type | Multi-family |
| Community Name | Rocky Mtn House |
| Amenities Near By | Schools, Shopping |
| Community Features | Pets Not Allowed |
| Features | Back Lane |
| Parking Space Total | 30 |
| Plan | 101aj |
| Constructed Date | 1975 |
| Construction Style Attachment | Attached |
| Stories Total | 1 |
| Size Interior | 6,801 Ft2 |
| Total Finished Area | 6801 Sqft |
| Type | Apartment |
| Other |
| Acreage | No |
| Fence Type | Not Fenced |
| Land Amenities | Schools, Shopping |
| Size Total Text | Unknown |
| Zoning Description | Core Commercial |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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