Courtesy of Mark Wilbert, CIR Realty
Interested?
If you are interested in receiving more information or scheduling a viewing of this property, call Matthew Labas today.
(780) 819-2615Listing Description
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.
Key Details
| MLS® Number: | E4452073 |
|---|---|
| Property Type: | Multi-Family Commercial |
| Year Built: | 1926 |
| Neighbourhood: | Mccauley |
| Zone: | Zone 13 |
| Bedrooms: | 0 |
| Bathrooms: | |
| Fireplace: | No |
| Exterior: | Wood Frame |
| Roofing: | Asphalt Shingles |
| Construction: | Wood Frame |
Community Demographics
