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$ 1,599,990
Est. payment | /mo
4,167 SqFt
$ 1,599,990
Est. payment | /mo
4,167 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4167
Square Footage 4,167 sqft
Price per Sqft $383
MLS® Listing ID 44426968
Year Built 2016
Lot Size 7,501 Sqft
Acres 7501.286
Property Description
FULLY TENANTED, corner lot exceptional 6-unit income property offering a rare and highly functional suite mix in Edmonton's mature Westwood neighbourhood just minutes from NAIT. Built in 2016, this well-maintained building sits on four separate condominiumized titles with no condo fees, creating flexible financing options for investors.The property features two 4-bedroom + 3.5 bath (2 baths are generous ensuites) townhome-style units, two 2-bedroom + 2.5 bath units main floor units (2 baths are generous ensuites) , and two 1-bedroom legal basement suites, providing strong tenant diversification and consistent rental demand. The two middle units each span three fully finished levels, while the end units include legal basement suites completed within the past two years.Each unit is thoughtfully designed with modern layouts and quality finishes, tenants pay for their own utilities, helping keep operating expenses low. The property generates a handsome cap rate of 5.9%Additional highlights include:• 4-bay garage plus large parking pad (8 total parking stalls, not including street parking)• Two basement suites with private fenced yards, ideal for tenants with pets• Separate in-suite laundry in all units• Annual furnace maintenance • Major components including roof, windows, furnaces, hot water tanks and eaves installed in 2016With Small Scale Residential zoning (RS) and four individual titles, the property offers investors the flexibility to hold as a single commercial multifamily asset or finance using multiple residential mortgages.A turnkey investment with strong income, modern construction, and an excellent suite mix designed for long-term stability. Dont miss out!! (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage No
Private Pool No
Listed by Exp Realty
Nearby Locations
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Unit 1400 - 10665 Jasper Ave, Edmonton, Alberta, T6N1M2, CAN