INVESTMENT OPPORTUNITY nestled in the heart of downtown, steps away from the bustling Ice District! With a little investment, you could turn this place into a fantastic Airbnb hotspot! PRIME location just a short walk to popular attractions like Roger's Place, City Hall, Canada Place, the New Royal Alberta Museum, Winspear Centre, Art Gallery, downtown Farmers Market and MORE! This bi-level house located in "The Quarters" has 7 bedrooms, 2 kitchens, and 3 entrances, covering 1445 sq ft. All the proper fire code requirements are in place for a 7-unit room rental. It sits on a 33 ft x 122 ft lot. NOTE! NEIGHBORING LOT ALSO FOR SALE! Which is a doulbe lot spaning 66 ft x 122 ft (9551-103a Ave) making three lots a Total Land Size 12,103 sq ft +/- on 3 lots, Zoned DC 1. Exciting new development in the area including LRT expansion, new residential tower, DoubleTree Hilton Hotel, and a cool new city park. Take a leap and make this your next adventure. Act now and make your mark on Edmonton's thriving core.More details
Courtesy of Jeneen L Marchant of RE/MAX Real Estate
Status:
Active
MLS® Num:
E4384668
Build. Type:
Multi Tenant/Multi Plex
Floor Area:
4,284 sq. ft.398 m2
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920’s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry.More details
Well-maintained 6-plex in Central McDougall, Edmonton, located in a vibrant and diverse neighborhood. This property features a great unit mix with generous-sized units. Upgrades over the years include balcony railings that meet current compliance, newer concrete sidewalks, and energized parking stalls. The property also includes a detached garage for added convenience. Walking distance to downtown, Grant MacEwan University, the Royal Alexandra Hospital, and the exciting ICE District. With excellent access to public transit, including the LRT just a block away, this location offers unmatched convenience for tenants. Perfectly positioned near schools, parks, restaurants, and shopping. Proximity to major employers ensures a steady tenant pool. Please allow 1.5 to 2 days' business notice for showings to serious, qualified buyers.More details
Courtesy of Russ Slemko of MaxWell Challenge Realty
Status:
Active
MLS® Num:
E4391910
Build. Type:
Multi Tenant/Multi Plex
Floor Area:
2,702 sq. ft.251 m2
A GREAT INVESTMENT OPPORTUNIY FOR THIS 6-PLEX! This well maintained 6 suiter has 3 large one bedroom and 3 large two bedroom. There are 6 forced air furnaces as each unit has their own furnace. Upgrades have been done over the years. Security cameras. New windows and roof re-shingled in 2012. Long term tenants. Self managed. Six parking stalls.More details
Exceptional investment opportunity in this West jasper Place location! This 6 unit Multi-family building , with 3850 sq.ft of finished living space and an over 7378 sq.ft LOT, ZONED : 2.40 RM - Medium Scale Residential is perfect for any level investor. Property boasts upper balconies and a range of modern upgrades. Improvements include an alarm/security system, updated windows, a 2009 GABLE roof, eavestroughs, plumbing, hot water & pressure tanks and Each suite has been renovated, with one recently completed to a high standard. The building is professionally managed and maintained, offering substantial potential for growth. With 6 energized parking spaces and possible tandem parking, plus convenient access to public transit and the new LRT line within walking distance, this property is an excellent investment prospect. An amazing WALKSCORE of 84, close to West Edmonton Mall, schools, shopping and all the conveniences needed to attract the best, NOW is the TIME!More details
Courtesy of Pam Gill of Sutton Central Commercial Real Estate
Status:
Active
MLS® Num:
E4398730
Build. Type:
Freestanding
Floor Area:
8,655 sq. ft.804 m2
This is a 1.5 story, wood-frame construction complex located in the prime neighborhood of Inglewood. Walk to transit stop. Easy access to downtown, shopping, and Yellowhead freeway. The complex consists of 1xbachelor / 5x1brm / 1 x2 brm units. Well kept. Well maintained. Easy to manage. Gross income over $89,000 per annum. Cap Rate 6.3%More details
Courtesy of Nicholas J Golden of RE/MAX Professionals
Status:
Active
MLS® Num:
E4397321
Build. Type:
Low Rise (2-4 stories)
Floor Area:
4,400 sq. ft.409 m2
Very good investment property located in a great neighborhood and close to everything. This 8 suite apartment building has great long term tenants, is located on a nicely landscaped 50 X 150 foot lot. The building is secure and has 2 stories. Good mix of suites, and most are in really good shape. Looking for a good investment property that is easy to manage, this might be what you're looking for.More details
Courtesy of Gerry R Wilson of Homelife Guaranteed Realty
Status:
Active
MLS® Num:
E4403040
Build. Type:
Walk Up
Floor Area:
2,885 sq. ft.268 m2
Six Unit Investment Opportunity featuring 4 spacious 3 Bedroom suites 1138 sq ft in size and two 1 bedroom suites. There is a front and back entrance and a central enclosed staircase to all suites. The four 3 bedroom one level suites features 5 appliances including en-suite laundry. Entertaining size living room with a garden door out onto a balcony. Galley kitchen with lots of cupboards & counter space and a separate dining area. Three generous size bedrooms. Top floor has vaulted ceilings. Two 1 bedroom suites with 3 appliances and shared laundry outside the suites door. Tandem parking for each suite in the back with alley excess. Close to schools,Shopping, Restaurants, Parks, River Valley trails, and Public Transportation this all makes it easy to find good tenants. This building has been well maintained and shows pride of ownership.More details
Courtesy of Pam Gill of Sutton Central Commercial Real Estate
Status:
Active
MLS® Num:
E4376559
Build. Type:
Freestanding
HIGH ASSUMABLE MORTGAGE. Purchase this 7 suite apartment complex in West Edmonton. This 2.5 story wood-frame complex was built in 1974. Hot water heating system. Gable roof. Upper units have a balcony. Most of the units have been upgrade. Self-managed. Easy to manage. Currently no vacancies. Walking distance to bus stop. Grocery stores and shopping. Located close to the upcoming Valley LRT.More details
Courtesy of Anahid Shahmoradi of MaxWell Challenge Realty
Status:
Active
MLS® Num:
E4408363
Build. Type:
Freestanding
Floor Area:
5,829 sq. ft.542 m2
$155k of upgrades and reno’s in the last 7 years. 6 plex Corner Lot 45.7 x 15.2 SQM 100% occupancy for the last 8 years. Current market rates present potential to increase profit / cap rate by up to 25%.Current rent rates may be attractive for CMHC MLI Select financing. All tenants are month to month. Close to NAIT, Royal Alex Hospital, Blatchford and the Future LRT. Major upgrades include parking/sidewalk (3 years), boiler (3 years), hot water tank (4 years), exterior paint (4 years), balconies (4 years), main doors (5 years), roof repairs (2 years), a new mail lockbox, security system, and additional storage space. Five of the six suites have been renovated, and the heating and security systems can be controlled remotely by the new owner. Current rents are $1,100 for two-bedroom units and $900 for one-bedrooms(never raised for years) plus Laundry revenue which can be raised as well.More details
Courtesy of Bill Reid of Homes & Gardens Real Estate Limited
Status:
Active
MLS® Num:
E4405802
Build. Type:
Walk Up
Floor Area:
5,248 sq. ft.488 m2
Incredible investment opportunity! This 8 suite apartment complex comprises 4(1 bedroom units), 1(2 bedroom unit) and 3(bachelor units). Large suite sizes. Torch on membrane roof replaced in 2014 by Belvedere roofing, new windows 2014, new Hot water tank 2018, new high efficiency boiler pump 2018. Vendor has just completed over $25k on carpet tiles, luxury vinyl plank flooring, painting, new common area interior and exterior LED lighting for lower utility costs. Recently completed Phase I Environmental Report. Several of the units have been upgraded over the years with new paint, flooring, etc. Incredibly well maintained building. All tenants on month to month leases to optimize cash flow with 90 day rent increases. Energized surface parking stalls in rear. Close to Westmount mall, transit and shopping. Recent Frost & Associates Appraisal. Many new developments in this desirable neighborhood. Super easy property to manage with onsite tenant doing repairs, snow and lawn maintenance.More details
Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty
Status:
Active
MLS® Num:
E4394167
Build. Type:
Low Rise (2-4 stories)
Floor Area:
5,200 sq. ft.483 m2
BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON 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! OWNER WILL CONSIDER TRADES.More details
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