Rare Investment Opportunity in the Heart of Downtown Edmonton! This fully upgraded and meticulously maintained 21-unit rooming house offers exceptional income potential, with a net annual profit of over $100K. A true standout in the city, the property features secure fob access, coin-operated laundry, four shared bathrooms (two per floor), and a professionally managed tenant base with long-term occupancy averaging 8 years. The basement includes in-floor heating, dedicated storage, a workshop, and an office area. Ownership includes the land, and with significant renovations already completed, this turnkey building is a low-maintenance, high-reward asset for any savvy investor. (id:42336)
MLS® Number | E4452073 |
Property Type | Multi-family |
Neigbourhood | Mccauley |
Parking Space Total | 4 |
Constructed Date | 1926 |
Size Interior | 5200 Sqft |
Acreage | No |
Size Irregular | 3484.8 |
Size Total | 3484.8 Sqft |
Size Total Text | 3484.8 Sqft |
https://www.realtor.ca/real-estate/28711715/10732-96-st-nw-edmonton-mccauley
Contact us for more information
Mark B. Wilbert
Associate
(587) 405-7722