Multi-Family Commercial for Sale

Courtesy of Pam Gill of Sutton Central Commercial Real Estate

Property For Sale In Mccauley, Edmonton

 Multi-Family Commercial for Sale, MLS® # E4111150
  • MLS®#: E4111150
  • Price: $599,000
  • Status: Active
  • Year Built: 1954
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This is one of the most unique investments in Edmonton. Called "The Men's Residence". This 2 story structure has 10 individual rooms, 2 full kitchens, 2 sitting areas, 3 full bathrooms. Current residents are all male, mature individuals. Each resident may be at a different service. Landlord offers a room, meals and evenings all at different rental rates. Each resident is approved by landlord and needs to have certain criteria to rent in this complex. Affiliation with some rehab facilities and hospitals that refer certain applicants. Property was fully renovated approx 12 years ago under the RRAP program and then again earlier due to an insurance claim. No deferred maintenance. Turn key business. Owner provides some furnishings (list to be provided). Spacious bright rooms. Very clean and quiet. Extra income from coin operated laundry machines on main floor. Rent includes all utilities. Income of over $80,000/annum. CCP Rate of 8.46%. Fully approved with safe housing and the fire dept.

Contact Pam Gill About MLS® E4111150

Required Field

Pam Gill, 780-455-4088 at Sutton Central Commercial Real Estate, 10210 142 ST, Edmonton, Alberta, T5N 2N8

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4111150
  • Year Built: 1954
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Community Information

  • Neighbourhood: Mccauley
  • City: Edmonton
  • Postal Code: T5H 1V6
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$599,000

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Disclaimer: Copyright 2018 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 August 20, 2018, 5:30 am.

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