Office Listings
Courtesy of Moe Charara and Ray Elwenni of Royal Lepage Arteam Realty
8303 87 Street
Zone 18
Edmonton
T6C 1B1
$4,750,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4397947
- Build. Type:
- Multi Tenant/Multi Plex
- Photos (24)
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ATTENTION INVESTORS!!! - Extremely Rare & an Exceptional Opportunity to purchase this 7plex that includes 7 legal basement suites (14 units) in the highly sought after community of Bonnie Doon, ranked one of Edmontons best infill communities. This property is located 1 block from Whyte Avenue, a future LRT station, Bonnie Doon Mall which offers plenty of amenities. This rare 14 unit complex is the perfect addition to any portfolio with near zero vacancy & million dollar homes on every street, this property is perfect for the CMHC MLI SELECT PROGRAM. Architecturally designed & includes 28 bedrooms, 16 bathrooms with a unit mix of 3 bedroom/2.5 storey main floor units & 1 bedroom legal basements suites. The property also includes 7 single detached garages to add to your revenues which have been projected to be in the range of $260,000 annually. This property comes fully finished, includes all appliances, designed to perfection and is steps to the ravine, walking trails & a 10 min drive to the City's core.
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Multi Tenant/Multi Plex, See Private Remarks, Townhouse
- # Bldgs:
- 2
- # Units:
- 14
- Tot Pkg Spaces:
- 7
- # Storeys:
- 3.0
- Year built:
- 2024 (Age: 0)
- Total Floor Area:
- 5,241 sq. ft.486.9 m2
- Lot Area:
- 0 sq. ft.0 m2
- Plan:
- 1922057
- Title to Land:
- Freehold
- LINC Number:
- 0038374055
- Corner Site, Flat Site, Golf Nearby, Level Land, Landscaped, Playground Nearby, Shopping Nearby, Public Transportation, Back Lane, Low Maintenance Landscape, Public Swimming Pool, Schools, See Remarks
- Num. of Parcels:
- 1
- Cap Rate %:
- 5.4
- Gross Operating Income:
- $319,200
- Other Income:
- $0
- Effective Gross Income:
- $319,200
- Net Operating Income:
- $258,240
- Total Oper. Expenses:
- $60,960
- Tot Expenses:
- $0
- Days On Website:
- 98 day(s)98 day(s)
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Data was last updated October 23, 2024 at 08:30 AM (UTC)
- JAMIE HUBICK
- ROYAL LEPAGE ARTEAM REALTY
- 1 (780) 945-9233
- Contact by Email
- JASON HUBICK
- ROYAL LEPAGE ARTEAM REALTY
- 780-893-3433
- Contact by Email
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