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Multi-Family Commercial for Sale

Property For Sale In Mccauley, Edmonton

Courtesy of Val Toffoli of Maxwell Polaris
 Multi-Family Commercial for Sale, MLS® # E4039122
  • MLS®#: E4039122
  • Price: $299,000
  • Status: Active
  • Year Built: 1936
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Login or Create an Account to Access Financial Information Legal Description Lot Zoning

Great investment opportunity showing over 7% cap rate even with a mgmt fee of $850/month. This 8 unit room house was originally constructed in 1936 and modified and thereafter reconfigured to a rooming house is a money maker with potential for future development as Edmonton City Centre continues to transition positively. Walking distance to Downtown, the Arena and the New Ice District, Royal Alex Hospital, Grant MacEwan University, close to all amenities and public transportation. Project is Safe Housing Approved and Licensed. Recent upgrading of lower units including new sub floor, flooring, baseboards, framing/insulation/drywall/paint and some electrical upgrading. New back flow valve installed. Chattels include 8 fridges, 4 stove and 4 hot plates. Do NOT go direct.

Contact Val Toffoli About MLS® E4039122

Required Field

Val Toffoli, (780) 450-6300 at MaxWell Polaris, 4107 99 street, Edmonton, Alberta, T6E 3N4

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4039122
  • Year Built: 1936
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Community Information

  • Neighbourhood: Mccauley
  • City: Edmonton
  • Postal Code: T5H 2P5
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$299,000

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Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.