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$ 595,000
Est. payment | /mo
$ 595,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID E4448334
Year Built 1949
Property Description
Prime Mixed-Use Building on High-Exposure 118 Avenue! Welcome to 8956 118 Avenue, a fully leased mixed-use commercial/residential property offering exceptional investment value in a high-traffic location. Zoned CB2, this well-maintained building features a popular main-floor family restaurant (1,419 sqft) & two upper-level residential apartments totaling 1,465 sqft. Originally built in 1949, the property has seen several key upgrades over the years, including windows, roof, exterior finishings, and boiler system, providing peace of mind & reduced maintenance. ? Current Gross Income: $5,000/month ? Cap Rate: ~7% Whether you're looking to expand your investment portfolio or own a piece of 118 Ave with excellent visibility & stable income, this property is a must-see. ? Outstanding exposure with direct access to major corridors and public transit. Don't miss this rare opportunity to own a versatile revenue-generating property in a rapidly evolving commercial corridor.
Location
Province AB
Zoning Zone 05
Others
Tax ID 0019388553
Ownership Private
Copyright 2025 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Sergio Maione • RE/MAX Elite
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Gabriela Humeniuk
Real Broker