4 Bedroom
2 Bathroom
1255 sqft
Forced Air
$409,000
Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex. (id:42336)
Property Details
|
MLS® Number
|
E4479770 |
|
Property Type
|
Single Family |
|
Neigbourhood
|
King Edward Park |
|
Amenities Near By
|
Public Transit |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Total
|
4 |
|
Appliances
|
Dryer, Refrigerator, Stove, Washer |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Ceiling Type
|
Vaulted |
|
Constructed Date
|
1950 |
|
Construction Style Attachment
|
Detached |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1255 Sqft |
|
Type
|
House |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Lower Level |
Bedroom 2 |
|
|
Measurements not available |
|
Main Level |
Primary Bedroom |
|
|
Measurements not available |
|
Upper Level |
Bedroom 3 |
|
|
Measurements not available |
|
Upper Level |
Bedroom 4 |
|
|
Measurements not available |
https://www.realtor.ca/real-estate/29535175/8146-78-av-nw-nw-edmonton-king-edward-park