Courtesy of Richard B Wallman of
RE/MAX Real Estate
10125 157 Street
Edmonton
T5P 2T9
$1,725,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4332401
- Build. Type:
- Low Rise (2-4 stories)
- Photos (8)
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An excellent opportunity to add to your portfolio or to start your portfolio with. This Original Owner 17 suite (14 residential plus 3 commercial that are currently held under 1 lease) mixed use building in west Edmonton is located just off Stony Plain Road and in the heart of the community redevelopment zone. A very busy community with a number new projects happening. From new buildings and businesses to the LRT line less than a block away there will be even more activity in the community. Medical clinic's and Pharmacy occupy the commercial space and all 14 residential units are full. Stony Plain Road is a main roadway through Edmonton, you are 10 minutes or so from West Edmonton Mall, Misericordia Hospital plus multiple other shopping centers, restaurants, auto dealerships and schools. Great location and building, its just time to pass the torch onto a new owner. Priced below Assessed and Appraised values!
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial, Office, Retail
- Construction:
- Concrete Block, Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 17
- Tot Pkg Spaces:
- 25
- # Storeys:
- 3.0
- Year built:
- 1978 (Age: 45)
- Total Floor Area:
- 17,200 sq. ft.
- Lot Area:
- 1.41 acre(s)
- Land Use/Zoning:
- RA7
- Lot Depth:
- 150'
- Lot Frontage:
- 100'
- Plan:
- 1924AM
- Title to Land:
- Freehold
- Section 1:
- 3
- LINC Number:
- 0019690460
- Num. of Parcels:
- 1
- Cap Rate %:
- 5.62
- Gross Operating Income:
- $202,224
- Other Income:
- $3,060
- Effective Gross Income:
- $205,284
- Net Operating Income:
- $98,271
- Total Oper. Expenses:
- $107,012
- Tot Expenses:
- $107,012
- Entry date:
- Mar 23, 2023
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Exterior Front -
Entrance
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Entrance
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Photo 5 of 8
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Parking Lot
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Yard/Garden
Data was last updated May 28, 2023 at 06:30 AM (UTC)
- TERRIE REEKIE
- RE/MAX RIVER CITY
- 1 (780) 9088090
- Contact by Email
T
R
Terrie M Reekie
Re/Max River City
Office Address:
13120 St. Albert Trail
Edmonton, AB, T5L 4P6