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Courtesy of Richard B Wallman of RE/MAX Real Estate

10125 157 Street
Zone 21 Edmonton T5P 2T9

$1,725,000
Multi-Family Commercial

Exterior Front
Photo 1: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 2: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 3: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 4: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 5: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 6: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 7: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Photo 8: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4332401
Build. Type:
Low Rise (2-4 stories)
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
  • Photo 1: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    Exterior Front
  • Photo 2: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    Entrance
  • Photo 3: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    Entrance
  • Photo 4: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    View
  • Photo 5: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    Photo 5 of 8
  • Photo 6: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    Parking Lot
  • Photo 7: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    View
  • Photo 8: 10125 157 Street in Edmonton: Zone 21 Multi-Family Commercial for sale : MLS®# E4332401
    Yard/Garden
Data was last updated May 28, 2023 at 06:30 AM (UTC)
Copyright 2023 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.