Gurinder Grewal
Maxwell Polaris
202, 9618 42 Ave, Edmonton, Alberta
P: 780-450-6300
F: 780-450-6670
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Maxwell Polaris
202, 9618 42 Ave, Edmonton, Alberta
P: 780-450-6300
F: 780-450-6670
Listing Details
For more information on this listing or other please contact me.
Courtesy of RE/MAX Excellence.
Data was last updated 2025-06-25 at 20:18:11 GMT
BUY WITH CONFIDENCE - operating at a 5.6 cap rate and almost a million dollars of renovations and upgrades completed in the last 3 years! 1916 building but with all the upgraes effective age is estimated to be only 20 years old. A strong mix of recently renovated units 10x 1 bedroom (rents from $900 - $1113 / month)and 13 x bachelor suites (Rents from $924 - $1040/ month). 14 parking stalls (some energized) on a newly gravelled lot. An extensive list of capital improvements is available. Registered with the crime-free multi-housing program. Has had asbestos remediated, newer boiler and 2 of 4 hot water tanks new. There is nothing left to do with this property other than managing the units. If you are looking for turn-key you have found it - most units have a gas stove. All units come with a stove, fridge and most have a microwave, Coin-o-Matic laundry on site. This is truly an investor's dream building!
Listing Information
- Prop. Type:
- Other
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4278277
- Neighbourhood:
- Alberta Avenue
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $3,150,000
General Information
- Year Built:
- 1916
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This property is listed by RE/MAX Excellence and provided here courtesy of
Gurinder Grewal.
For more information or to schedule a viewing please contact Gurinder Grewal.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
