4 beds · 2 baths · 829 sqft
Investor’s Dream Opportunity – Prime Location with Rare RM h16 Zoning! This charming single-family home offers incredible potential for investors and developers alike! Situated in a highly desirable location, this property is just minutes away from the U of A, Whyte Avenue, downtown Edmonton, LRT station, and professional buildings. With its rare RMh16 zoning, the property offers a unique opportunity for redevelopment into a multi-unit building. With the potential to build 8 units, including up to 15 bedrooms and 15 bathrooms, the possibilities are endless for maximizing rental income or creating a modern housing project. Don’t miss this rare find in a sought-after location. This property checks all the boxes for a smart investment. Schedule a viewing today and explore its full potential! (id:39198)
Building Type House, Detached
Year built 1942
Square Footage 829 sqft
Stories 1
Bedrooms 4
Bathrooms 2
Parking
NeighbourhoodQueen Alexandra
Land size 404.47 m2
Heating type Forced air
Basement typeFull (Finished)
Parking Type Detached Garage
Time on REALTOR.ca0 days
Brokerage Name: Initia Real Estate
Home price
$599,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$5,449 / month
Rent $4,818
Savings $630
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$4,802 / month
Rent $4,671
Savings $131
Initial deposit 5%
Savings target Fixed at 5%