Tremendous investment opportunity for investors in most desirable neighbourhood of Westwood close to NAIT, Blatchford, Royal Alexandra hospital and many more amenities this lot has to offer. This lot is 33ft x 150ft lot and you can build a front and back duplex with a legal basement suite + garden suite and take advantage of CMHC MLI program 5% down payment on a 5-unit building. Duplexes floor plans are already in place . These properties can also create great cash flow if you rent a garden suite – $2500/month, duplex 3 beds -$2450/month X2 and basement suite - $1300/month X2 with income of 120K yearly. New units will have low maintenance cost. Buyer avoids demo, disposal, and potential asbestos costs.
MLS®:
E4384164
Type
Single-Family Home
Style
2 Storey
Listed By
Harmehak Dhawan, Sterling Real Estate
Source REALTORS® Association of Edmonton Last checked May 13 2024 at 12:43 AM MDT
Disclaimer: Copyright 2024 REALTORS® Association of Edmonton IDX. Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®). 5/12/24 17:43
Description