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Descriptions:
RARE UNIVERSITY AREA LEGAL 4PLEX with current rents totaling $4699 (net $3417 which includes utilities except power) and a CAP of 4.5% with ability to easily exceed 6% as they are below market rents (ready for lease renewals and increases!). There are one 2 bedroom unit, and three 1 bedroom units. The main floor is a 2 bedroom unit, the 2nd story above it and the basement underneath are 1 bedroom units with the utility room, and then the back has a 2-story 1 bedroom unit. All units have their own laundry and separate entry. Located a few houses off of 109 Street, transit could not be any easier and the tenants are a 5-10 minute walk from the U of A, groceries, and of course all of the restaurants and shops of Whyte Avenue. Don't miss out on this prime investment opportunity!
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| Includes: |
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Dryer, Refrigerator, Stove-Electric, Washer, See Remarks, Dryer-Two, Refrigerators-Two, Stoves-Two, Washers-Two |
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| Site Influences: |
| Back Lane, Flat Site, Park/Reserve, Playground Nearby, Public Transportation, Schools, Shopping Nearby |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
| Neighbourhood: |
Queen Alexandra
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| Lot Shape: |
Rectangular |
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| Property Info: |
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| Property Type: |
4PLEX |
| Home Style: |
2 Storey |
| Year Built: |
1945 |
| Total Floor Area: |
2,306 sq. ft. |
| Front Exposure: |
East
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| Exterior: |
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| Exterior: |
Back Lane, Flat Site, Park/Reserve, Playground Nearby, Public Transportation, Schools, Shopping Nearby |
| Front Exposure: |
East |
| Roof: |
Asphalt Shingles |
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| Rooms: |
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| Total Bedrooms: |
5
(Bedrooms Above: 4)
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| Bathrooms: |
Full: 4
/ Half: 0
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| Rooms Above: |
10 |
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| Additional Info: |
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| Heating: |
Y |
| Basement: |
Full, Finished |
| Basement Type: |
Full, Finished |
| Floor Finish: |
Carpet, Linoleum |
| Parking: |
2 Outdoor Stalls, Stall |
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Contact MAX BORRELLI -
11058-51 AV, Edmonton, Alberta, T6H 0L4
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Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated September 19, 2025, 5:46 pm. |
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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