$409,000
About this House
Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex.
Courtesy of of Alta-Pro Realty.
Brought to you by your friendly REALTORS® through the MLS® System,
courtesy of BrixWork for Realtors for your convenience.
Disclaimer: This
representation is based in whole or in part on data generated by the Chilliwack
& District Real Estate Board, Fraser Valley Real Estate Board or Real Estate
Board of Greater Vancouver which assumes no responsibility for its accuracy.
Features
- MLS®: E4479770
- Type: House
- Bedrooms: 4
- Bathrooms: 2
- Square Feet: 1,255 sqft
- Full Baths: 2
- Half Baths: 0
- Basement: Full, Finished
- Storeys: 3 storeys
- Year Built: 1950
- Style: 1 and Half Storey
Contact Jennifer now to see this property in person!
778.123.4567
Photos
Whats Near 8146 78 Avenue NW
King Edward Park, Edmonton
Explore the location and neighbourhood and discover all the amenities the community has to offer.