Listed By:
Courtesy of Chun Yuan of Initia Property Management.
Address
8021 87 St Nw, Edmonton, AB
Price
$ 1,450,000
Property Attributes
  • ID#E4495019
  • TypeMulti-Family
  • Listing Status Active
  • CityEdmonton
  • AreaEdmonton
  • NeighbourhoodKing Edward Park
  • Postal CodeT6C 4E8
  • Style2 Storey
  • Year Built2022
  • Price$ 1,450,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3891
Data Source:
REALTORS® Association Of Edmonton - RAE
Property Description

Turn-key investment opportunity in desirable King Edward Park! This 2022-built triplex offers 5 income-producing rental units, including 2 legal basement suites with separate entrances. The property features three townhouse-style units; Units 8021 and 8025 each include a self-contained 1-bedroom legal basement suite, while Unit 8023 includes an unfinished basement as part of the main unit. Each upper unit offers 3 bedrooms, 2.5 bathrooms, modern finishes, and upper-floor laundry. Situated on a corner lot just minutes from Bonnie Doon Mall, Whyte Ave, Downtown, Mill Creek Ravine, schools, transit and the Valley Line LRT. Fully leased with established tenants and professionally managed. Buyer may have the opportunity to assume the existing CMHC MLI Select mortgage, subject to lender and CMHC approval. Rent roll and financial information available.

* Sold date and price as reported on the RAE's MLS® System.

General Features

Living Area 3891.72
Heating Forced Air-2,Natural Gas
Roof Asphalt Shingles
Appliances See Remarks
Zoning Zone 17
Architectural Style 2 Storey
Construction Materials Wood,Vinyl
Year Built 2022
Levels 3
Property Subtype Triplex
Ownership Private
Parcel Number 0020614665
Community Features See Remarks
Property Type Residential
Facing Direction South
Garage Y/N false
Full Baths 3
Status Active
City Edmonton
MLS Area King Edward Park
Living Area Units Square Feet
Standard Status Active
Lot Shape Irregular
Restrictions None Known
Primary Property Type Single Family
Separate Entrance true
Legal Block 19
Title to Land Fee Simple

Interior Features

Interior Amenities ensuite bathroom
Basement Full,Finished
Flooring Carpet,Ceramic Tile,Laminate Flooring
Kitchen Level Main
Heating Y/N true
Half Baths 1
Total Bedrooms 4
Below Grade Finished Area 101.73
Grade Level Entry Y/N Yes
Living Room Level Main
Room Type LivingRoom,Kitchen,FamilyRoom,MasterBedroom,Bedroom2,Bedroom3,Bedroom4
Below Grade Finished Area Unit Type Square Meters
Kitchen Dimensions 9.5
Living Room Dimensions 17.9
Bedroom 4 Dimensions 10.4
Bedroom 3 Dimensions 10.8
Bedroom 2 Dimensions 10.6
Family Room Level Basement
RoomFamilyRoomDimensions 12.6
RoomMasterBedroomDimensions 10.9

Exterior Features

Exterior Amenities Corner Lot,Landscaped,Public Transportation,Schools,Shopping Nearby
Parking Features Stall
Lot Size Area 544.28
Foundation Details Concrete Perimeter

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in T6C 4E8

Statistics provided by Inside Real Estate

Price
AVG $1.45M
$1.45M
Year Built
AVG 2022
2022