Property Information:
Buy & Build potential up to 4 Story apartment for a 29 units on a RM h16 zoning "CORNER" lot 49.9’ * 150’(140'). The site is backing to green space and off leash Park. The site location near Canadian tire & Superstore and public transportation to Kingsway mall. Bachelor (2 units), 1-bed (18 units), 2-bed (9 units). 29 units estimated gross income $528,000. Cap rate 5.25%. The house has "not" been demolished yet. The house has been kept in a good condition. Currently total rent $2250/m. The lease end until July 31, 2025. Buyer can apply mortgage on the property. The seller is also option to build the completed project on request. The floorplan is for reference purposes only and is not final. The new owner will collaborate with the designer to optimize the potential of the lot.
Courtesy of: MaxWell Polaris
Data was last updated 2024-11-26 at 14:28
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
