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Listing Details

For more information on this listing or other please contact me.

Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty.
Data was last updated 2024-11-23 at 17:43:00 GMT

10732 96 ST NW   Edmonton, AB

$999,900
MLS®: E4414368
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OWN THE LAND, SUBSTANTAILLY RENOVATED BUILDING AND A PHENOMINAL REVENUE PRODUCING COMPLEX ALL IN ONE! BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON CURENTLY GENERATING NET PROFIT OF $101,383.78 A YEAR! THIS IS THE TAJ MAHAL OF ROOMING HOMES! Located in Downtown Edmonton this property BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING IN THE BASEMENT. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Current gross revenue is $141,720.00 and net profits which are$ 101,383.78 an AMAZING CAP RATE OF JUST OVER 10%! NOW BOASTING NEW SHAW INTERNET, RENT ROLL TO INCREASE ON MARCH 01, 2025

OWN THE LAND, SUBSTANTAILLY RENOVATED BUILDING AND A PHENOMINAL REVENUE PRODUCING COMPLEX ALL IN ONE! BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON CURENTLY GENERATING NET PROFIT OF $101,383.78 A YEAR! THIS IS THE TAJ MAHAL OF ROOMING HOMES! Located in Downtown Edmonton this property BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING IN THE BASEMENT. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Current gross revenue is $141,720.00 and net profits which are$ 101,383.78 an AMAZING CAP RATE OF JUST OVER 10%! NOW BOASTING NEW SHAW INTERNET, RENT ROLL TO INCREASE ON MARCH 01, 2025

Listing Information

Prop. Type:
Multi-Family (Commercial)
Status:
Active
City:
Edmonton
MLS® Number:
E4414368
Neighbourhood:
Mccauley
Area:
Edmonton
Province:
AB
Listing Price:
$999,900

General Information

Year Built:
1926
Zoning/Land Use Code:
For Sale
Region:
Edmonton

Additional Information

Plan:
ND
Legal Block:
23
Legal Lot/Unit:
8

Other Information

Land Size Hectares:
0
Building Type:
Low Rise (2-4 stories)
Site Influences:
Corner Site, Park/Reserve, Shopping Nearby, Public Transportation, Fenced Yard, Schools, See Remarks

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This property is listed by Wally Fakhreddine of MaxWell Devonshire Realty and provided here courtesy of SUNNYSIDE REALTY LTD. For more information or to schedule a viewing please contact SUNNYSIDE REALTY LTD.
SUNNYSIDE REALTY LTD
Phone: 780-674-5998
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.