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Multi-Family Commercial for Sale

Courtesy of Jeneen Marchant of RE/MAX Real Estate

Property For Sale In Eastwood, Edmonton

 Multi-Family Commercial for Sale, MLS® # E4384668

LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 5.05%, and rents can be increased from a total of $5950/month to market rate to get up to 7.49%! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920's, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 2+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. I have more pictures of the units when they were vacant but the resolution is too low for this format.

Contact Felicia Dean & Jen Osmond About MLS® E4384668

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Felicia Dean & Jen Osmond , 780-289-6670 at RE/MAX Excellence, #201 5607 - 199 Street, Edmonton, Alberta, T6M OM8

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4384668
  • Year Built: 1991
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Community Information

  • Neighbourhood: Eastwood
  • City: Edmonton
  • Postal Code: T5B 2N7
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$649,900

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