|
Descriptions:
Rare opportunity to own a cash-flowing legal rooming house/income property in Ritchie, one of Edmonton's most sought-after central communities. Offering 9 bedrooms and 4 bathrooms over 3 levels, the property is set up with a fully self-contained main floor 1-bedroom suite featuring its own full kitchen and bathroom, plus 8 private rental rooms arranged 4 upstairs and 4 downstairs. The main suite provides stable long-term income with a tenant in place since 2009, while the rooms rent for $500-$550/month. Recent updates include a new roof and 3 fully renovated rooms, creating immediate upside with ready-to-lease inventory. With two additional half kitchens, multiple bathrooms, and a flexible income-producing layout, this property is ideal for investors, multigenerational living, or an owner-occupier seeking a mortgage helper. Steps to Whyte Ave, Mill Creek Ravine, transit, schools, and the University area, this location supports strong rental demand and long-term growth. Strong income with upside potential.
|
