Opportunity knocks!Legally Suited home offers incredible potential as an income-generating property or as a versatile space for a large family. With the legal suite, the property currently generates a robust monthly income of $3,100, providing a solid 7% cap rate. The upstairs unit brings in $1,700 per month, while the downstairs unit adds an additional $1,400. Key updates to the home include a newer furnace, hot water tank, and roof. Setting a strong foundation for any further renovations you might wish to undertake, and making it easier to enhance the living spaces to your taste. Featuring a two-car detached garage, offering ample parking and storage solutions. The potential here is enormous; whether you choose to rent out both units for a substantial income or live in one while renting the other, the financial benefits are clear. This property is ideal for savvy investors looking to capitalize on its income potential or for families seeking a home with additional rental income to offset mortgage costs.
Property Type:
Single Family
Dwelling Type:
Detached Single Family
Home Style:
Bungalow
Total Floor Area:
1,173.28 sq. ft.109 m2
Price Per SqFt:
298.22
Finished Levels:
2.0
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Shape:
Rectangular
Front Exposure:
West
Grade Level Entry:
Yes
Total Rooms Above Grade:
5
Bedrooms:
5
(Above Grd: 2)
Bathrooms:
2.0
(Full:2, Half:0)
Plan:
RN43
Heating:
Forced Air-1
Heating Source:
Natural Gas
Construction:
Wood Frame
Basement:
Full
Basement:
Full, Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Hardwood, Laminate Flooring, Linoleum
Parking:
Double Garage Detached
Garage Dimensions:
22'x22'
Road Access:
Paved
Exterior Finish:
Vinyl
Floor
Type
Size
Other
Main
Master Bedroom
12'9½"3.90 m × 8'6"2.60 m
-
Main
Bedroom
11'9¾"3.60 m × 9'4¼"2.85 m
-
Lower Level(s)
Bedroom
11'5¾"3.50 m × 10'10"3.30 m
-
Lower Level(s)
Bedroom
12'3.65 m × 11'7"3.52 m
-
Main
Living Room
16'5"5.00 m × 13'1½"4.00 m
-
Main
Dining Room
16'7"5.05 m × 10'10"3.30 m
-
Main
Kitchen
12'9½"3.90 m × 10'11"3.32 m
-
Lower Level(s)
Laundry Room
10'8"3.26 m × 6'9"2.05 m
-
Lower Level(s)
Bedroom
10'8"3.26 m × 6'9"2.05 m
-
Floor
Ensuite
Pieces
Other
-
-
4
-
-
4
Sunroom
Alberta Avenue
Alberta Avenue
Back Lane, Fenced, Public Transportation, Schools, Shopping Nearby
Data was last updated June 29, 2024 at 10:30 AM (UTC)
Area Statistics
Listings on market:
111
Avg list price:
$268,888
Min list price:
$112,000
Max list price:
$1,299,000
Avg days on market:
39
Min days on market:
1
Max days on market:
242
Avg price per sq.ft.:
$278.9
These statistics are generated based on the current listing's property type
and located in
Zone 05. Average values are
derived using median calculations.
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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