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Loma Hills 9606 101 Av 16 Unit Apartment Building $1,192,767 USD ($74,548 USD/Unit) Plamondon, AB T0A 2T0
Investment Highlights
- Fully occupied 16-unit purpose-built rental community.
- Fibre-optic connectivity installed throughout the property.
- Excess land may support future expansion opportunities.
Executive Summary
Loma Hills is a 16-unit purpose-built rental community situated on approximately 2.12 acres in Plamondon, Alberta. Constructed in 2001 and currently reported at 100% occupancy, the property offers immediate in-place income supported by a diversified unit mix of bachelor, one-bedroom, and two-bedroom suites. The asset has benefited from long-term ownership and multiple capital improvements, including a roof replacement, crawlspace ventilation upgrades, parking resurfacing, fire alarm panel modernization, and suite flooring enhancements.
Originally developed as a seniors residence, the property features a single-storey design with step-free access, wide corridors, large windows, skylights, and accessible common areas. Most suites have been upgraded with vinyl plank flooring, all suites have fibre-optic internet connectivity, and one- and two-bedroom units include in-suite laundry. Additional amenities include garage parking, surface parking, mature landscaping, and excess land.
The property's location within Plamondon provides convenient access to schools, recreation facilities, grocery services, banking, fuel stations, and community amenities. Adjacent institutions include École Beauséjour, École Plamondon School, and the North Country Co-op Arena, creating a well-established residential setting. Plamondon serves as an urban service area within Lac La Biche County, a region supported by oil and gas, forestry, agriculture, and tourism industries, with transportation connections serving northeastern Alberta.
Investment potential is further supported by the property's excess land and original site concept, which may allow future expansion opportunities subject to purchaser due diligence, servicing capacity, design requirements, and municipal approvals. The combination of stabilized occupancy, recent capital investment, accessibility-oriented design, and limited competing purpose-built rental inventory positions the asset as a multifamily investment opportunity in a supply-constrained market.
Originally developed as a seniors residence, the property features a single-storey design with step-free access, wide corridors, large windows, skylights, and accessible common areas. Most suites have been upgraded with vinyl plank flooring, all suites have fibre-optic internet connectivity, and one- and two-bedroom units include in-suite laundry. Additional amenities include garage parking, surface parking, mature landscaping, and excess land.
The property's location within Plamondon provides convenient access to schools, recreation facilities, grocery services, banking, fuel stations, and community amenities. Adjacent institutions include École Beauséjour, École Plamondon School, and the North Country Co-op Arena, creating a well-established residential setting. Plamondon serves as an urban service area within Lac La Biche County, a region supported by oil and gas, forestry, agriculture, and tourism industries, with transportation connections serving northeastern Alberta.
Investment potential is further supported by the property's excess land and original site concept, which may allow future expansion opportunities subject to purchaser due diligence, servicing capacity, design requirements, and municipal approvals. The combination of stabilized occupancy, recent capital investment, accessibility-oriented design, and limited competing purpose-built rental inventory positions the asset as a multifamily investment opportunity in a supply-constrained market.
Property Facts
| Price | $1,192,767 USD | Apartment Style | Low-Rise |
| Price Per Unit | $74,548 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 2.12 AC |
| No. Units | 16 | Building Size | 17,192 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2001 |
| Zoning | HDR - High Density Residential District | ||
| Price | $1,192,767 USD |
| Price Per Unit | $74,548 USD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.12 AC |
| Building Size | 17,192 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Zoning | HDR - High Density Residential District |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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Loma Hills | 9606 101 Av
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