About 1-7, 205 Reed Avenue
Multi-Unit Investment Opportunity – Located just 1 hour south of Lloydminster, this fully occupied multi-family complex is an excellent revenue property. The building features 7 units with a total of 10 bedrooms, offering strong rental demand in the region. The Main Floor Units feature 4 one-bedroom suites, each with private access to a spacious wrap-around deck leading to the exterior parking area. The Lower Level units feature 3 two-bedroom suites, providing comfortable layouts ideal for long-term tenants. All suites are equipped with a kitchen, living room, and full 4-piece bathroom, with convenient access to shared laundry facilities. Additional highlights include electrified exterior parking and the advantage of an on-site property manager who oversees tenant move-ins/outs and building maintenance. Currently at full occupancy with a waiting list, this property provides consistent cash flow and serves a strong demand for affordable housing in Alberta’s oil patch.
Features of 1-7, 205 Reed Avenue
| MLS® # | A2257846 |
|---|---|
| Price | $439,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,200 |
| Acres | 0.00 |
| Year Built | 1999 |
| Type | Multi-Family |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1-7, 205 Reed Avenue |
|---|---|
| Subdivision | Hayter |
| City | Hayter |
| County | Provost No. 52, M.D. of |
| Province | Alberta |
| Postal Code | T0B1X0 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Range Hood, Refrigerator |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
Additional Information
| Date Listed | September 22nd, 2025 |
|---|---|
| Days on Market | 31 |
| Zoning | R1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | LPT Realty |
|---|