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Courtesy of MaxWell Devonshire Realty.
Data was last updated 2025-01-08 at 03:47:39 GMT
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!
Listing Information
- Prop. Type:
- Other
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4375881
- Neighbourhood:
- Mccauley
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $1,099,000
General Information
- Year Built:
- 1926
VIP-Only Information
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This property is listed by MaxWell Devonshire Realty and provided here courtesy of
Kyle Rossiter.
For more information or to schedule a viewing please contact Kyle Rossiter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.