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10948 75 Avenue NW, Edmonton, AB T6G0G9
10948 75 Avenue NW, Edmonton, AB T6G0G9
10948 75 Avenue NW, Edmonton, AB T6G0G9
10948 75 Avenue NW, Edmonton, AB T6G0G9
10948 75 Avenue NW, Edmonton, AB T6G0G9
10948 75 Avenue NW, Edmonton, AB T6G0G9
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Franco Maione

Franco Maione

+1(780) 975-3339
$ 799,900
Est. payment | /mo

7 Beds

7 Baths

1,612 SqFt

Save
$ 799,900
Est. payment | /mo
Save

7 Beds

7 Baths

1,612 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1612

Square Footage 1,612 sqft

Price per Sqft $496

Subdivision Mckernan

MLS® Listing ID A2314975

Bedrooms 7

Year Built 1953

Lot Size 6,439 Sqft

Acres 0.14784068

Property Sub-Type Freehold

Property Description

Rare opportunity to acquire a fully licensed, turn-key 7-bedroom, 7-bathroom lodging house in the premier neighborhood of McKernan, just steps from the University of Alberta. Operating under a valid Development Permit (DP), Building Permit (BP), and Business Licence (BL), this property offers a rare, fully legalized single-professional/student housing setup in one of Edmonton's most high-demand rental corridors.Situated on a substantial 49.5' x 130' lot (approx. 600 sqm), this solid 2-storey home features a highly functional layout tailored for legalized shared accommodation, boasting 7 bedrooms and 7 full bathrooms (including 5 ensuites). Its unbeatable location is within easy walking distance to both the McKernan/Belgravia and U of A LRT stations, providing top-tier transit accessibility that ensures a consistent stream of tenant demand.The property offers outstanding operational reliability, with all major building systems meticulously upgraded over the years to ensure top-tier safety and structural peace of mind. Recent premium improvements feature a brand-new roof, interconnected smoke/CO detectors throughout, and newly upgraded basement egress windows with fresh window wells. Mechanically superior and carefully maintained, the home is further enhanced by vinyl windows, upgraded PEX plumbing lines, a 100-amp electrical service, and a newer furnace and hot water tank (2024).Representing an exceptional, high-yield cash cow generating approximately $5,000 CAD in total monthly gross rental income, this premium property offers stable, immediate revenue with zero deferred maintenance. Combined with significant underlying land value and future high-density redevelopment potential, it is a bulletproof investment in a prime inner-city location. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Extra Room 1 Second level 12.08 Ft x 23.25 Ft Primary Bedroom

Extra Room 2 Second level 18.75 Ft x 8.38 Ft Bedroom

Extra Room 3 Second level 8.92 Ft x 7.75 Ft Bedroom

Extra Room 4 Second level 5.33 Ft x 6.00 Ft 3pc Bathroom

Extra Room 5 Second level 5.33 Ft x 6.00 Ft 3pc Bathroom

Extra Room 6 Second level 8.92 Ft x 4.00 Ft 3pc Bathroom

Interior

Heating Forced air

Cooling None

Flooring Hardwood, Tile, Vinyl Plank

Exterior

Parking Features Yes

Garage Spaces 1.0

Garage Description 1

Fence Partially fenced

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage Yes

Private Pool No

Building

Story 2

Others

Ownership Freehold

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Listed by First Place Realty

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Franco Maione
Franco Maione

Real Broker

+1(780) 975-3339

Canada

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10948 75 Avenue NW

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