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Courtesy of Julian P Szklarz of Coldwell Banker Venture Realty

10215 108 Avenue
Zone 08 Edmonton T5H 1A9

$1,188,000
Multi-Family Commercial

Main Photo: 10215 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4314248
Photo 1: 10215 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4314248
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4314248
Build. Type:
Low Rise (2-4 stories)
12 suite Eleanor Apts .... 12 one bedroom suites in a excellent location walking distance five minutes or less to LRT, public transportation, all services such as restaurants, medical, etc. Royal Alexandra Hospital, City Center are only 10 minutes walk ... Schools such as Nait, Grant McEwan also very very close by as is Rogers Place. Eleanor Apts is a excellent corner lot with convenient very easy parking access from the back alley, super views of green park, Victoria School of Fine Arts. The 2.5 storey wood frame building, tar and gravel roof approx 20 years old, with hot water heating system - newer boiler and newer windows approx 2013 has also had cosmetic upgrades such as flooring, paint etc.... Property is in process of new re rental plan and more upgrading .... excellent to make unique boutique apts ... Excellent high amount mortgage, lower interest rate, could perhaps be assumed w buyer qulifying .... Income is projected based on near full occupancy, Eleanor is presently 25 percent occupied ...
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Bldgs:
1
# Units:
12
Tot Pkg Spaces:
12
# Storeys:
2.5
Year built:
1967 (Age: 55)
Total Floor Area:
8,550 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA8
Plan:
B4
Title to Land:
Freehold
LINC Number:
0011948958
Num. of Parcels:
1
Cap Rate %:
5.89
Gross Operating Income:
$123,000
Other Income:
$0
Effective Gross Income:
$123,000
Net Operating Income:
$83,000
Total Oper. Expenses:
$50,000
Tot Expenses:
$63,000
Entry date:
Sep 21, 2022
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Data was last updated October 1, 2022 at 02:30 AM (UTC)
GREG STEELE
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.