Sold with Chad
Listed By:
Courtesy of Gary Mah of Exp Realty.
Address
11826 83 ST NW, Edmonton, AB
Price
$ 1,560,000
Property Attributes
  • Listing#E4350313
  • TypeCommercial
  • CityEdmonton
  • AreaEdmonton
  • NeighbourhoodEastwood
  • Postal CodeT5B 2Z3
  • StyleMulti-Family Commercial
  • Price$ 1,560,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13213
Data Source:
REALTORS® Association Of Edmonton - RAE
Property Description

Own Pine Manor with 7.93% Stabilized Cap Rate and ASSUMABLE MORTGAGE. It's a 15 suite 2.5 storey walk-up wood frame building on a quiet location at 11826 - 83 Street in NE Edmonton, in the Eastwood neighbourhood. It has an excellent mix of 6 One BR suites and 9 Two BR suites to maximize your rental income and keep vacancies low. Rents were raised this year plus room for additional rent increases. Newer vinyl window in some suites and there are a total of 10 balconies plus 15 energized paved parking spots for the tenants. Coin-op laundry machines (leased), newer hot water tank, and 3 interior storage rooms, plus an ext. storage shed round out this package. LED lights have been provided in all common areas and the building meets all fire code updates. The property is a great location for tenants as it is close to many bus routes, grocery stores, services and other amenities. An experienced on-site caretaker and Prof. Prop Mgr look after the building for a hands free ownership experience. See REALTOR'S website for more details.

General Features

Number of Units 15
Community Amenities Eastwood
Type Multi-Family Commercial
Area Edmonton
Year Built 1971
Coming Soon Own Pine Manor with 7.93% Stabilized Cap Rate. Exist CMHC Mortgage MUST BE ASSUMED. It's a 15 suite 2.5 storey walk-up building at 11826 - 83 Street in NE Edmonton,in the Eastwood neighbourhood. It h

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in T5B 2Z3

Statistics provided by Inside Real Estate

Price
AVG $890K
$1.56M
Visits
AVG 664
1118
Data Provided by Inside Real Estate®
Year Built
AVG 1997
1971
Walkscore
AVG 89
89
Data Provided by Walkscore® not using MLS data