Tremendous investment opportunity for investors in community of Elmwood park with lot of new infills and family friendly neighbourhood. 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 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®:
E4384168
Type
Single-Family Home
Style
2 Storey
Community
Elmwood Park
Listed By
Harmehak Dhawan, Sterling Real Estate
Source REALTORS® Association of Edmonton Last checked May 13 2024 at 4:53 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 21:53
Description