The Opportunity

Overview

Perfect investment opportunity!! This beautiful historic home was converted into lovely functional rental suites, 3 one bedroom and 2 two bedroom units. There is shared laundry facilities in the basement, a newer boiler, individually metered electrical service for each unit. This building has had virtually zero vacancy in the last 20 years, none of them are in need of any major renovations. The boiler, electrical system, roof and exterior paint have all be updated in recent years.Unit Counts:Studio Apts: 0Bachelor Apts: 01 Bedroom Apts: 32 Bedroom Apts: 23 Bedroom Apts: 04+ Bedroom Apts: 0Other Units: 0Other Property Types: Multi-FamilyOwnership Interest: PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Shauntel HoneyAppointment Phone: 780-860-5160 (id:61970)

Investment highlights

01Multi-family

Property details

Property type: Multi-family
Transaction: For sale
Site area: 12,196.8 square feet
Listing brokerage: RE/MAX Excellence
Listing representative: Shauntel Honey
Board / association: Edmonton - Commerical

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Financial information

Asking price$475,000

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Location intelligence

5402 47 Avenue
Wetaskiwin, Alberta T9A0L1

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Documents

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From interest to a decision

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01Prepare for the property tour

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 29248089
Last supplied (UTC): October 15, 2026
Listing brokerage: RE/MAX Excellence
Listing representative: Shauntel Honey
Board / association: Edmonton - Commerical

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: RE/MAX Excellence · Listing representative: Shauntel Honey · Board/association: Edmonton - Commerical · Updated (UTC): Oct 15, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.