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Courtesy of Moe Charara and Ray Elwenni of Royal Lepage Arteam Realty

8303 87 Street
Zone 18 Edmonton T6C 1B1

$4,750,000
Multi-Family Commercial

Main Photo: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 1: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 2: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 3: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
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Photo 5: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 6: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
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Photo 24: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4397947
Build. Type:
Multi Tenant/Multi Plex
ATTENTION INVESTORS!!! - Extremely Rare & an Exceptional Opportunity to purchase this 7plex that includes 7 legal basement suites (14 units) in the highly sought after community of Bonnie Doon, ranked one of Edmontons best infill communities. This property is located 1 block from Whyte Avenue, a future LRT station, Bonnie Doon Mall which offers plenty of amenities. This rare 14 unit complex is the perfect addition to any portfolio with near zero vacancy & million dollar homes on every street, this property is perfect for the CMHC MLI SELECT PROGRAM. Architecturally designed & includes 28 bedrooms, 16 bathrooms with a unit mix of 3 bedroom/2.5 storey main floor units & 1 bedroom legal basements suites. The property also includes 7 single detached garages to add to your revenues which have been projected to be in the range of $260,000 annually. This property comes fully finished, includes all appliances, designed to perfection and is steps to the ravine, walking trails & a 10 min drive to the City's core.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex, See Private Remarks, Townhouse
# Bldgs:
2
# Units:
14
Tot Pkg Spaces:
7
# Storeys:
3.0
Year built:
2024 (Age: 0)
Total Floor Area:
5,241 sq. ft.
Lot Area:
0 sq. ft.
Plan:
1922057
Title to Land:
Freehold
LINC Number:
0038374055
Corner Site, Flat Site, Golf Nearby, Level Land, Landscaped, Playground Nearby, Shopping Nearby, Public Transportation, Back Lane, Low Maintenance Landscape, Public Swimming Pool, Schools, See Remarks
Num. of Parcels:
1
Cap Rate %:
5.4
Gross Operating Income:
$319,200
Other Income:
$0
Effective Gross Income:
$319,200
Net Operating Income:
$258,240
Total Oper. Expenses:
$60,960
Tot Expenses:
$0
Days On Website:
128 day(s)
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Data was last updated November 22, 2024 at 02:30 PM (UTC)
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