Alberta is calling, so is this investment. 20 BEDROOMS+, 12 seperate LEGAL rental units and all with NO CONDO FEE. Each individual unit is designed to maximize returns and offers a unique blend of luxury finishes/features. These spacious homes consist of a main living area with 3 BED and 2.5 BATH, providing comfortable living spaces for residents. What sets these properties apart is the inclusion of a separate 2-bedroom legal basement suite, adding significant rental income potential to your investment. Additionally, there's a garden suite perched atop the detached double garage, offering even more versatility and rental income possibilities. And all this times 4 units. This investment opportunity boasts an estimated 7% cap rate, making it an attractive choice for both first-time homebuyers and savvy investors. It promises to be a cashflow-positive investment in one of the most sought-after areas in southeast Edmonton. Don't miss out on the chance to capitalize on this prime real estate offering.
Data was last updated December 4, 2023 at 02:30 PM (UTC)
Area Statistics
Listings on market:
136
Avg list price:
$542,400
Min list price:
$305,000
Max list price:
$9,500,000
Avg days on market:
45
Min days on market:
3
Max days on market:
320
Avg price per sq.ft.:
$294.54
These statistics are generated based on the current listing's property type
and located in
Zone 53. Average values are
derived using median calculations.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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