Priced to Sell! Tremendous Real Estate Investment Opportunity in the highly sought-after community of Queen Alexandra! This character home features a spacious 3 bedroom, 2 bathroom upper suite along with a 1 bedroom, 1 bathroom LEGAL basement suite, creating excellent opportunities for both investors and owner-occupants alike. Located just a short walk to the U of A Campus and vibrant Whyte Avenue, this property offers exceptional appeal in one of Edmonton’s strongest rental locations. The basement tenant would love to stay and is currently paying $1,150/month plus utilities, while the main floor will become available August 1st — making this an ideal opportunity for a buyer to live upstairs while generating income from the legal suite below to help offset mortgage costs. For investors, the property currently generates approximately $42,000 annually with tenants paying utilities. Also offering future redevelopment potential for a 6 to 9 unit multiplex in this prime central location.
Courtesy of Terry Paranych and Ronald E Kleefman of RE/MAX Excellence
Data was last updated May 14, 2026 at 07:30 PM (UTC)
Area Statistics
Listings on market:
140
Avg list price:
$704,950
Min list price:
$185,000
Max list price:
$4,190,000
Avg days in system:
32
Min days in system:
1
Max days in system:
496
Avg price per sq.ft.:
$483.72
These statistics are generated based on the current listing's property type
and located in
Zone 15. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
Data last updated on May 14, 2026 at 09:33 PM (UTC).
Copyright 2026 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.