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Courtesy of Pam Gill of Sutton Central Commercial Real Estate

10217 116 Street
Zone 12 Edmonton T5K 1W3

$1,740,000
Multi-Family Commercial

Main Photo: 10217 116 Street in Edmonton: Zone 12 Multi-Family Commercial for sale : MLS®# E4224210
Photo 1: 10217 116 Street in Edmonton: Zone 12 Multi-Family Commercial for sale : MLS®# E4224210
Photo 2: 10217 116 Street in Edmonton: Zone 12 Multi-Family Commercial for sale : MLS®# E4224210
Photo 3: 10217 116 Street in Edmonton: Zone 12 Multi-Family Commercial for sale : MLS®# E4224210
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Photo 5: 10217 116 Street in Edmonton: Zone 12 Multi-Family Commercial for sale : MLS®# E4224210
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Photo 21: 10217 116 Street in Edmonton: Zone 12 Multi-Family Commercial for sale : MLS®# E4224210
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4224210
Build. Type:
Freestanding
Location, location. Nestled in the Oliver neighborhood. This 12 suite apartment complex is located two blocks south of Oliver square, two blocks north of Jasper Avenue. Close to McEwan University, Ice District and Roger Arena. Renovated complex with new exterior siding. Common area upgraded with new mail boxes, tile, vinyl stair treads, LED lighting. All suites upgraded with vinyl plank flooring, baseboards, paint, countertops, LED lighting, light fixtures, window coverings, bathroom vanity, toilet and tub surrounds. Owner has spent over $200,000 in upgrades. Excellent mix of 1x bachelor unit, 5x1 bedroom unit, 6x2 bedroom units. Self managed. Must see. Assumable CMHC mortgage held with Peoples Trust. Buyer will assume with extra fees for reports. Take over a renovated building with 17% down payment.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame, See Remarks
Building Type:
Freestanding, See Private Remarks, Walk Up
# Units:
12
Tot Pkg Spaces:
12
# Storeys:
2.5
Year built:
1959 (Age: 62)
Total Floor Area:
9,565 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
B3
Title to Land:
Fee Simple
LINC Number:
0015494743
Num. of Parcels:
1
Cap Rate %:
4.97
Gross Operating Income:
$140,100
Other Income:
$1,728
Effective Gross Income:
$141,828
Net Operating Income:
$85,219
Total Oper. Expenses:
$52,354
Tot Expenses:
$52,354
Days on Mkt:
Entry date:
Jan 07, 2021
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Data was last updated January 24, 2021 at 06:30 PM (UTC)

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.