5315 38 Av - Apartments FOR SALE


Taber, AB T1G 1N4
$4,100,000 CAD
403-330-3338
5315 38 Av, Taber, AB for Sale
$4,100,000 CAD
Apartments - FOR SALE
1/5
null | 4.51% Cap Rate

5315 38 Av
Taber, AB T1G 1N4


HIGHLIGHTS

  • This 29-unit multi-family property sits on 38 Avenue in a quiet, desirable neighborhood on Taber’s south side.
  • With a population of over 9,500—up 10% in five years—Taber is one of southern Alberta’s fastest-growing communities.
  • Residents enjoy nearby schools, parks, recreation facilities, medical services, and a variety of local shops and amenities.
  • Positioned along Highway 3, Taber provides excellent access to Lethbridge and other regional centres

OVERVIEW

This three-storey, 29-unit walk-up apartment building offers a strong investment opportunity in the growing community of Taber. Constructed in 1980 and extensively renovated, the property is in excellent condition and designed for long-term durability and tenant appeal. The suite mix includes 11 one-bedroom and 18 two-bedroom apartments, each featuring a living room, dining area, kitchen, storage and linen closets, and a four-piece bathroom. Above-grade units enjoy private balconies with sliding patio doors, while common areas include concrete BBQ patios for resident use. The grounds are thoughtfully landscaped with mature trees, in-ground sprinklers, and perimeter fencing, complemented by concrete walks, drives, and parking areas. Residents benefit from 56 energized parking stalls and well-maintained outdoor spaces that enhance curb appeal. Recent upgrades include a new torch on roof and a new ventilation system installed in 2016, ensuring efficient building performance. Heating is provided through hot water baseboard systems, supported by 400-amp electrical service, separate meters, hot water tanks, and a forced-air furnace for pressurized hallways. Additional income is generated through on-site laundry facilities, averaging approximately $45 per unit per month. With its combination of modernized infrastructure, established landscaping, and proven revenue stream, this property represents a compelling multi-family investment in a stable and desirable market.

FOR SALE DETAILS

PRICE

$4,100,000 CAD

PRICE/SF

$171 CAD /SF

# OF UNITS

29

PRICE/UNIT

$141,379

CAP RATE

4.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

R-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Josh MartiAvison YoungMore Info
403-330-3338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Josh MartiAvison YoungMore Info
403-330-3338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.