BUY WITH CONFIDENCE - operating at a 5.6 cap rate and almost a million dollars of renovations and upgrades completed in the last 3 years! 1916 building but with all the upgraes effective age is estimated to be only 20 years old. A strong mix of recently renovated units 10x 1 bedroom (rents from $900 - $1113 / month)and 13 x bachelor suites (Rents from $924 - $1040/ month). 14 parking stalls (some energized) on a newly gravelled lot. An extensive list of capital improvements is available. Registered with the crime-free multi-housing program. Has had asbestos remediated, newer boiler and 2 of 4 hot water tanks new. There is nothing left to do with this property other than managing the units. If you are looking for turn-key you have found it - most units have a gas stove. All units come with a stove, fridge and most have a microwave, Coin-o-Matic laundry on site. This is truly an investor's dream building!
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Brick/Masonry, Mixed
Building Type:
Low Rise (2-4 stories), See Private Remarks
# Units:
23
Tot Pkg Spaces:
14
# Storeys:
3.0
Year built:
1916
(Age: 106)
Total Floor Area:
7,920 sq. ft.735.79 m2
Lot Area:
0 sq. ft.0 m2
Land Use/Zoning:
RF3
Heating Source:
Natural Gas, See Remarks
Plan:
RN43
Title to Land:
Fee Simple
LINC Number:
0015454184
Corner Site, Fenced, Landscaped, Shopping Nearby, Back Lane, Low Maintenance Landscape, Schools, See Remarks
See Remarks
None Known
Units Include:
Fridge, Microwave, Stove
Services Connected:
Electricity, Fiber Optics, Fully Serviced, Garbage Collection, Lane Paved, Natural Gas, Telephone, Septic System, Sewer - Storm, Street Lighting, City Water
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Fire Protection:
Fire Extinguishers
Reports Avail:
Appraisal, Building Plans, Pro-Forma, Environ. Site Profile, Yes- Phone List Broker
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.