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Descriptions:
This prime investment property in Garneau offers a fantastic opportunity for both immediate rental income and future development, as it is zoned for 10 units (can go up to 17 units potentially). Located just steps from the University of Alberta and Whyte Avenue, it combines an unbeatable location with long-term growth potential. The owner has completed over $80k in renovations over the past 7 years, including a full interior and exterior paint job, new roof with upgraded shingles and insulation, replaced gutters, downspouts, and water pipes, updated electrical wiring and panel, and new gas furnace, boiler, washer, dryer, and refrigerator. The home features three bedrooms on the main floor and one in the basement, all currently fully occupied, ensuring steady cash flow. Whether you choose to continue renting or take advantage of the redevelopment zoning to build something new, this property provides excellent flexibility and value.
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| Site Influences: |
| Playground Nearby, Public Transportation, Schools |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
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| Lot Shape: |
Rectangular |
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| Property Info: |
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| Property Type: |
Detached Single Family |
| Home Style: |
Bungalow |
| Year Built: |
1943 |
| Total Floor Area: |
879 sq. ft. |
| Front Exposure: |
South
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| Exterior: |
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| Exterior: |
Playground Nearby, Public Transportation, Schools |
| Front Exposure: |
South |
| Roof: |
Asphalt Shingles |
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| Rooms: |
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| Total Bedrooms: |
4
(Bedrooms Above: 3)
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| Bathrooms: |
Full: 2
/ Half: 0
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| Rooms Above: |
5 |
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| Additional Info: |
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| Heating: |
Y |
| Basement: |
Full, Partially Finished |
| Basement Type: |
Full, Partially Finished |
| Floor Finish: |
Ceramic Tile, Laminate Flooring |
| Parking: |
Single Garage Detached |
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Contact Brian Ray - 780-233-5788
904 10050 112st , Edmonton, Alberta, T5K 2J1
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Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated January 17, 2025, 8:52 pm. |
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. 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. Used under license.
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