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$ 4,800,000
Est. payment | /mo
15,000 SqFt
$ 4,800,000
Est. payment | /mo
15,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $320
Subdivision Westmount
MLS® Listing ID E4460310
Year Built 1978
Lot Size 0.560 Acres
Acres 24393.6
Source REALTORS® Association of Edmonton
Property Description
An exciting investment opportunity in Westmount—this 32-unit apartment building is just steps from Unity Square, 124 Street, and the upcoming LRT on 104 Avenue, with Grant MacEwan University and downtown only minutes away. The property includes twelve 1-bedroom units and twenty 2-bedroom units in varying stages of renovation; first-floor units are below grade with no patios, while above-grade 2-bedrooms feature balconies and either dishwashers or space for them. Each floor offers laundry facilities, central vacuum access at both ends of the building, and added storage between the 2nd–3rd and 3rd–4th floors. Recent upgrades include a new boiler (2019), exterior stucco and paint (2016/17), and a new roof (2016/17). Eight units require renovations before leasing, presenting value-add potential. The building offers 32 electrified parking stalls, 7 visitor stalls, and an outbuilding for maintenance equipment, with posted income based on estimated market rents and 7% vacancy. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 32
Private Pool No
Listed by Royal LePage Noralta Real Estate
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Nest Real Estate Group
Real Estate Team | License ID: 139039