Courtesy of Adrian Nedelec and James J Knull of Exp Realty
8504 98 Street
Edmonton
T6E 3M3
$789,900
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4457140
- Build. Type:
- Multi Tenant/Multi Plex
- Photos (64)
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Fully tenanted and cash flowing, this 10-bedroom multi-suite property in the heart of Strathcona offers strong rental income and long-term upside. Currently configured with two spacious 2-bed/1-bath units upstairs and six individually addressed, furnished rooms below, it appeals to both U of A students and working professionals. Recent upgrades include four high-efficiency furnaces, updated plumbing, electrical, fire protection systems, durable vinyl plank flooring throughout, and a roof replacement in 2018. The property has a proven track record of near-full occupancy, with the upstairs units alone historically covering the mortgage. Whether you’re holding for income, considering future infill or MLI Select, or looking for a strategic value-add, this is a prime investment in one of Edmonton’s most walkable and transit-connected neighbourhoods.
- Property Type:
- Multi-Family Commercial
- Transaction Type:
- For Sale
- Lease Oper Costs Per Sq M:
- $0
- Price Per SqFt:
- $413.56
- Taxes:
- Signup
- Lot Area:
- 4,373 sq. ft.
- Stories Total:
- 2
- # of 2 Bedroom Apartments:
- 2
- # of Units:
- 8
- # of Other Units:
- 0
- # of Studio Apartments:
- 0
- # of Bachelor Apartments:
- 0
- Year built:
- 1958 (Age: 67)
- Bathrooms:
- - (Full:-/Half:-)
- Plan:
- 17
- Building Type:
- Multi Tenant/Multi Plex, See Private Remarks, Rooming House
- Num. of Parcels:
- 1
- Construction:
- Wood Frame
- Parking Space(s):
- 3
- Strathcona
- Private
- Zone:
- Zone 15
- Zoning:
- Zone 15
- Title to Land:
- Fee Simple
- Legal Lot:
- 19 & 20
- LINC Number:
- 0015524730
- Days On Website:
- 3 day(s)
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Split foyer home featuring stucco siding -
Doorway with mail area and healthy amount of natural light
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Stairs featuring baseboards
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Laundry area featuring light wood-style floors and baseboards
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Spare room featuring light wood finished floors and a textured ceiling
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Spare room with light wood-style flooring and a textured ceiling
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Spare room featuring light wood finished floors and baseboards
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Empty room featuring light wood-style flooring and a textured ceiling
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Laundry area with washer / clothes dryer and light wood-type flooring
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Kitchen with washer / dryer, appliances with stainless steel finishes, light countertops, tasteful backsplash, and light wood-type flooring
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Kitchen featuring stainless steel electric range, white cabinetry, light wood-style floors, tasteful backsplash, and light countertops
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Kitchen featuring stainless steel electric range, white cabinetry, light wood-style flooring, backsplash, and light countertops
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Kitchen featuring washer / clothes dryer, white cabinetry, light wood finished floors, light countertops, and decorative backsplash
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Unfurnished bedroom featuring wood finished floors and a closet
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Spare room with wood finished floors and baseboards
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Unfurnished bedroom featuring light wood finished floors and a closet
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Unfurnished room with light wood finished floors
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Empty room featuring baseboards and wood finished floors
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Bathroom featuring shower combination, vanity, and dark wood-style floors
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Mudroom with baseboards and wood finished floors
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Unfurnished room featuring carpet floors and baseboards
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Living area with carpet and baseboards
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Office space featuring carpet and baseboards
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Living area with carpet and ornamental molding
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Living area with carpet floors and baseboards
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Kitchen with light countertops, stainless steel appliances, white cabinets, light wood-style floors, and backsplash
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Kitchen featuring light countertops, washer / clothes dryer, appliances with stainless steel finishes, and white cabinetry
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Kitchen with electric range, white cabinetry, light wood finished floors, light countertops, and open shelves
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Washroom featuring washer / dryer and light wood-style flooring
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Kitchen featuring white cabinets, washer / clothes dryer, black range with electric stovetop, light countertops, and recessed lighting
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Kitchen with stainless steel electric range, light wood-style floors, light countertops, white cabinets, and decorative backsplash
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View of corridor
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Corridor featuring light colored carpet and attic access
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Home office featuring light carpet and a textured ceiling
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Workout room with carpet and a textured ceiling
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Bedroom featuring a textured ceiling and light carpet
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Bedroom with a textured ceiling, ceiling fan, and light carpet
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Carpeted bedroom featuring a ceiling fan, a closet, and a textured ceiling
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Bathroom with vanity, shower / tub combo with curtain, and light wood-style floors
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Stairs with mail area and baseboards
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Stairway featuring wood finished floors and baseboards
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Hallway featuring light wood finished floors and electric panel
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Laundry area featuring stacked washer and clothes dryer
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Bedroom featuring freestanding refrigerator and wood finished floors
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Bedroom with wood finished floors and wainscoting
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Bedroom featuring light wood-style flooring and baseboards
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Bedroom featuring baseboards and light wood finished floors
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Bedroom featuring light wood-style flooring and baseboards
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Bedroom with freestanding refrigerator and wood finished floors
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Full bath featuring shower / bath combo and vanity
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Utility room featuring water heater and heating unit
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Kitchen featuring white gas stove, water heater, white cabinets, and dark countertops
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Kitchen with white cabinetry, washer / clothes dryer, and white microwave
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Hallway with light wood-style flooring and baseboards
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Doorway featuring baseboards
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View from above of property
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Aerial view of residential area
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Drone / aerial view of a tree filled landscape and skyline
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Aerial view of city skyline
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View of urban area
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Bird's eye view
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View of property location with nearby suburban area
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View of raised ranch
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View of tri-level home
Virtual Tour
Data was last updated September 13, 2025 at 05:30 PM (UTC)
- GREG STEELE
- RE/MAX EXCELLENCE (EDMONTON)
- (780) 444-GREG (4734)
- greg@gregsteele.ca
201, 5607 - 199 Street NW
Edmonton, Alberta T6M 0M8