Discovery Place

2 Highwood Boulevard Devon , Alberta T9G 2G2
  • Property Size (ac): 1.84

Discovery Place - Multi-Family for sale

  • Type: Multifamily
  • Deal type: Sale / Purchase
  • Space Available (ac): 1.84
  • Price ($USD): Contact Us

Discovery Place is an excellent opportunity to acquire a turn-key assisted living seniors housing apartment complex located in Devon, Alberta. The Property is comprised of one, four storey building consisting of a desirable mix of studio, one, and two bedroom units totaling 60 units. The building is situated on a +/- 1.84 acre lot with excess land to develop an additional +/- 40 units. 

The Property is being offered at an Asking Price of $8,450,000.

Amenities


  • Services include: hair salon, room meal delivery, medication assistance, laundry rooms on each floor, and basic housekeeping.
  • The Owner has conducted a feasibility study with initial plans for a 40-unit expansion.  The building currently sits on 1.23 acres of 1.84 acre site. The remaining 0.61 acres of Lot 11 along with approximately 0.20 acres of the adjoining Municipal Reserve (MR) Lot to the west is the site of the proposed expansion.

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