I have listed a new property at 18 SASKATCHEWAN AVE in Devon.
Five Plex located in Devon, AB. Situated on 4 adjacent lots on a single title and offering 33,600 sq.ft./3121 sq.m. of land. Zoned R3 - Medium Density Residential - permitted uses include multiple fourplexes, triplexes, townhousing, etc.- Great opportunity for an investor to rent currently, or maximize Highest & Best Use and redevelop site to highest density allowable under R3 zoning. Currently 4 x 2 bedroom units, 1 x 1 bedroom unit - each with insuite laundry, 4 pce. baths, exterior decks and separate utilities with individual furnaces, hot water tanks and electrical meters. 64' x 24', four-bay garage with central workshop and paved parking for an 12 additional vehicles. Fully rented with very long term tenants at below-market rents. Located on a quiet street, one block North of the downtown core and one block South of River Drive, just a short walk to all Devon amenities. 15 minutes to Edmonton International Airport, 20 minutes to South Edmonton.