Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex.
Address
8146 78 AV NW NW
List Price
$409,000
Property Type
Residential
Type of Dwelling
Detached Single Family
Style of Home
1 and Half Storey
Transaction Type
Sale
Area
Edmonton
Sub-Area
King Edward Park
Bedrooms
4
Bathrooms
2
Floor Area
1,255 Sq. Ft.
Lot Shape
Rectangular
Year Built
1950
MLS® Number
E4479770
Listing Brokerage
Alta-Pro Realty
Postal Code
T6C 0N4
Zoning
Zone 17
Parking
Double Garage Detached
Community Features
Vaulted Ceiling
Exterior Features
Landscaped, Public Transportation
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood
Direction Faces
South
Foundation Details
Concrete Perimeter
Garage Type
Yes
Roof
Asphalt Shingles
Access To Property
Paved