Active
MCKERNAN
10948 75 Avenue Nw, Edmonton, AB
$799,900
Residential · MLS® A23149757Bedrooms
7Bathrooms
1,612.33Sq Ft
1Garage
1953Year Built
02 / Overview
PROPERTY OVERVIEW
Rare opportunity to acquire a fully licensed, turn-key 7-bedroom, 7-bathroom lodging house in the premier neighborhood of McKernan, just steps from the University of Alberta. Operating under a valid Development Permit (DP), Building Permit (BP), and Business Licence (BL), this property offers a rare, fully legalized single-professional/student housing setup in one of Edmonton’s most high-demand rental corridors.
Situated on a substantial 49.5’ x 130’ lot (approx. 600 sqm), this solid 2-storey home features a highly functional layout tailored for legalized shared...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,612.33 sq ft
Lot Size6,439 sq ft
ZoningRS
HeatingForced Air
CoolingNone
ParkingSingle Garage Detached
ExteriorOther
BasementFull
Year Built1953
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$465After mortgage & expenses
Cap Rate3.8%Based on market rents
Cash on Cash Return-3.5%With 20% down payment
Est. Monthly Rent$3,172Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
MCKERNAN
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Fang Wang · First Place Realty