REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 999,900
Est. payment | /mo
5,400 SqFt
$ 999,900
Est. payment | /mo
5,400 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $185
Subdivision Mccauley
MLS® Listing ID E4414368
Originating Board REALTORS® Association of Edmonton
Year Built 1926
Lot Size 3,305 Sqft
Acres 3305.0
Property Description
OWN THE LAND, SUBSTANTAILLY RENOVATED BUILDING AND A PHENOMINAL REVENUE PRODUCING COMPLEX ALL IN ONE! BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON CURENTLY GENERATING NET PROFIT OF $101,383.78 A YEAR! THIS IS THE TAJ MAHAL OF ROOMING HOMES! Located in Downtown Edmonton this property 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 IN THE BASEMENT. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Current gross revenue is $141,720.00 and net profits which are$ 101,383.78 an AMAZING CAP RATE OF JUST OVER 10%! NOW BOASTING NEW SHAW INTERNET, RENT ROLL TO INCREASE ON MARCH 01, 2025 (id:24570)
Location
State AB
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 3
Private Pool No
Others
Virtual Tour https://www.topedmontonrealestate.com/listing/e4414368-10732-96-st-nw-edmonton-ab-t5h-2j6/
Listed by MaxWell Devonshire Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "