Thanks for viewing this Preferred Property below. If you have any questions or would like to schedule a viewing, please feel free to call our office at 780-701-2626 and ask for Anu Khullar or John Carter. Toll free is 1-877-417-2626 or email by clicking on the envelope logo on the left of the photos on the listing.
Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty.
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.
Listing Information
Prop. Type:
Multi-Family (Commercial)
Status:
Active
City:
Edmonton
MLS® Number:
E4394167
Neighbourhood:
Mccauley
Area:
Edmonton
Province:
AB
Listing Price:
$1,049,900
General Information
Year Built:
1926
Zoning/Land Use Code:
For Sale
Region:
Edmonton
Additional Information
Plan:
ND
Legal Block:
23
Legal Lot/Unit:
8
Other Information
Land Size Hectares:
0
Building Type:
Low Rise (2-4 stories)
Site Influences:
Park/Reserve, Shopping Nearby, Public Transportation, Public Swimming Pool, Schools, See Remarks, View City, View Downtown
This property is listed by Wally Fakhreddine of MaxWell Devonshire Realty and provided here courtesy of
Anu Khullar.
For more information or to schedule a viewing please contact Anu Khullar.