This prime investment property in Garneau offers a fantastic opportunity for both immediate rental income and future development, as it is zoned for 10 units (can go up to 17 units potentially). Located just steps from the University of Alberta and Whyte Avenue, it combines an unbeatable location with long-term growth potential. The owner has completed over $80k in renovations over the past 7 years, including a full interior and exterior paint job, new roof with upgraded shingles and insulation, replaced gutters, downspouts, and water pipes, updated electrical wiring and panel, and new gas furnace, boiler, washer, dryer, and refrigerator. The home features three bedrooms on the main floor and one in the basement, all currently fully occupied, ensuring steady cash flow. Whether you choose to continue renting or take advantage of the redevelopment zoning to build something new, this property provides excellent flexibility and value. (id:47423)
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Detailed Information
Bedrooms
4
Bathrooms
2
Amenities Nearby
Playground, Public Transit, Schools
Features
See remarks
Listing Contract Date
2025-01-15
Municipal ID
7225907
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Building
Appliances
See remarks
Architectural Style
Bungalow
Basement Development
Partially finished
Basement Type
Full (Partially finished)
Constructed Date
1943
Construction Style (Attachment)
Detached
Heating Type
Forced air
Stories Total
1
Type
House
Rooms
Room
Level
Dimensions
Notes
Bedroom 4
Basement
Measurements not available
Dining room
Main level
Measurements not available
Kitchen
Main level
Measurements not available
Primary Bedroom
Main level
Measurements not available
Bedroom 2
Main level
Measurements not available
Bedroom 3
Main level
Measurements not available
Parking Spaces
Name
Spaces
Detached Garage
Land
Total Size
404.68 square meters
Amenities
Playground, Public Transit, Schools
Size of Irregular Land
404.68
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