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Home AB Greater Edmonton Edmonton Tipaskan
8269 29 AV NW
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8269 29 AV NW $3,960,000
$3,960,000
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8269 29 AV NW
Edmonton, Alberta T6K3J9

MLS® Number: E4403094

Listing Description

What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please. (31724125)

Property Summary

Property Type
Multi-family
Neighbourhood Name
Tipaskan
Land Size
49223 sqft
Built in
1977
Total Parking Spaces
24
Time on REALTOR.ca
74 days

Legal Description

Plan :- 8822299 Block :- 0 Lot :- 0

Building

Parking
Total Parking Spaces
24

Measurements

Square Footage
24983 sqft
Data provided by: REALTORS® Association of Edmonton 101 - 18354 118 Avenue NW Avenue, EDMONTON, Alberta T5S 2G2

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