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7711 101 Avenue - INVESTORS wanted...Rock Solid building & location in very desirable FOREST HEIGHTS which makes renting very easy. IMAGINE 12 BDRMS, 4 KITCHENS,4 BATHS, 4 LIVING RM & 4 LAUNDRY RMS! Notoriously low vacancy rates in Forest Heights. Just walk to Edmontons River Valley Trails, Capilano Ravine out front, on major bus route to Downtown, UOFA, just off Gretzky Drive, close to many schools, local shopping Capilano and Bonnie Doone Malls (WALMART, SAFEWAYS, WINNERS, SECOND CUP, TIM HORTONS, STARBUCKS...). 4 well laid out units including 3 bdrms in each unit-sold with 4 STOVES, 4 FRIDGES, 4 WASHER, 4 DRYERS. Heating system has efficient newer COMMERCIAL BOILER (2015)- Each tenant pays own power bill and each unit has separate power meter and 4 designated front entries (shared side entries). Building is selling well below City of Edmonton Assessed Value ($727,000). Fully rented which brings $3900 monthly. A TURN KEY INVESTMENT in prime FOREST HEIGHTS location!

Property Details

  • ID: E4104498
  • Year Built: 1960
  • Status: Active
  • New Construction: No
  • Neighbourhood: Forest Heights_Edmo
  • Property ID: 101312886
  • Beds: 6
  • Storeys: 2
  • Living Area: 2,103
  • Style: Bi-Level
  • Baths: 4 (Full: 4 3/4: 0 1/2: 0 Other: 0)
  • Parking Type Description: Detached 2 cars
  • Lot Area: 631.72 Square metres

Features

Exterior Stucco
Flooring Linoleum, Carpet
Heating Source Natural Gas
Heating Type Baseboard
Other Zone - Zone 19, Total Parking - 6, Total Baths - 4, Tot Flr Area A.G.(Metric) - 195.38, Title to Land - Fee Simple, Style - Bi-Level, Rooms Above Grade - 8, Roof Type - Asphalt Shingles, Number of Finished Levels - 2, Lot Shape - Rectangular, Grade Level Entry Y/N - No, Garage Y/N - Yes, Front Exposure - North, Foundation - Concrete, Ensuite - No, Construction Type - Wood Frame, City Quadrant - Northwest, Building Type - 4Plex, Bedrooms Above Grade - 3, Basement Development - Fully Finished, Basement - Full
Parking Double Garage Detached
Site Influences Ski Hill Nearby, Shopping Nearby, Schools, Ravine View, Public Transportation, Playground Nearby, Low Maintenance Landscape, Flat Site, Back Lane
Listed By Mirella Esposito and Mirella Esposito of CENTURY 21 Masters