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Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty
Status:
Active
MLS® Num:
E4375881
Build. Type:
Low Rise (2-4 stories)
Floor Area:
7,000 sq. ft.650 m2
AVERAGING OVER $85,000.00 A YEAR NET PROFIT! THE TAJ MAHAL OF ROOMING HOMES! CREATIVE FINANINCING AVAILBLE FOR THIS EXTREMLY WELL MAINTAINED 21 SUITE ROOMING HOME! Located in Downtown Edmonton this property has GENERATES FANTASTIC REVENUES and BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Annual revenues for 2023 were $134,280.00 and net profits were $89,832.20 which would run over an 7% CAP RATE. This is definitely a JEWEL OF A PROPERTY AND IS A MUST SEE!More details
Very well located just 4 blocks from Leduc downtown core. This is a nine suite, 2 and 1/2 storey apartment of wood-frame construction with gabled and a newer asphalt shingled roof. Boiler produces radiant hot-water heat. All 3 suites in the front are 2 bedroom, 5 in the rear are 1 bedroom and there is 1 bachelor with separate entrance in the middle. Tenants pay their own power. The landlord pays all other utilities. Six balconies. Leduc and Nisku industrial parks are back to work and busier than ever. Ride the wave of a strong Alberta economy, in-migration and escalating rents.More details
For more information, click on "View Listing on Realtor's Website". Woodcroft, Central Edmonton, 9-suite wood frame, walk-up multi-family opportunity! Suite Mix: 1 studio, 5-1, 3-2 beds; Ongoing upgrades when suites become vacant. Utilities: Owner pays (Include gas, water, sewer, waste, and common area power) Tenants pay: Power (individually metered). New zoning bylaw allows potential for additional development. Easy access to all corners of the city. Bus stop directly in front; Within 8 minutes to Royal Alex Hospital, Kingsway Mall, Walmart, U of Alberta, Grant MacEwan and NAIT Campuses, and ICE District. Within 5 mins to Westmount Mall, Telus World of Science, Safeway, Home Depot, Canadian Superstore, Canadian Tire, 4 major Banks, Public Health Centre, and Coronation Park; Within walking distance to Medical Clinics, several Pharmacies, Strip Malls, Bakery and Restaurants. Sorry - No seller financing/VTB Available.More details
12 suite character project in Central Mcdougall on a quiet tree lined street just steps to Victoria School; near Grant MacEwan College, R.A. Hospital, proposed arena, LRT, Kingsway Garden Mall, NAIT and downtown. Parking stalls & garage. Common areas and some suites upgraded.More details
Courtesy of Sean T Gerke of Century 21 All Stars Realty Ltd
Status:
Active
MLS® Num:
E4346927
Build. Type:
Low Rise (2-4 stories)
Floor Area:
7,499 sq. ft.697 m2
Invest in the promising potential of Central McDougall with this multi-family property. Built in 1963, this classic building houses 4 one-bedroom units, 2 two-bedroom units, and a sizable three-bedroom unit. Situated just north of Downtown Edmonton, the property is a stone's throw from MacEwan University and the Royal Alex Hospital, making it a great choice for students and healthcare professionals alike. Additionally, its downtown proximity means residents are moments away from a variety of dining, shopping, and entertainment venues. The community is eagerly embracing change and transformation. As an investor, this provides an opportunity for substantial growth and contribution to an area ready for positive change. With a high cap rate, this property presents an enticing opportunity for entry-level multi-family investors looking to make an impact. All proposals are welcome. Creative financing will be considered. *Please do not approach tenants*More details
Data was last updated April 18, 2024 at 10:30 PM (UTC)
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