4 Bedroom
2 Bathroom
1,255 sqft
Forced Air
$409,000
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. (id:63476)
Property Details
|
MLS® Number |
E4479770 |
|
Property Type |
Single Family |
|
Neigbourhood |
King Edward Park |
|
Amenities Near By |
Public Transit |
Building
|
Bathroom Total |
2 |
|
Bedrooms Total |
4 |
|
Appliances |
Dryer, Refrigerator, Stove, Washer |
|
Basement Development |
Finished |
|
Basement Type |
Full (finished) |
|
Ceiling Type |
Vaulted |
|
Constructed Date |
1950 |
|
Construction Style Attachment |
Detached |
|
Heating Type |
Forced Air |
|
Stories Total |
2 |
|
Size Interior |
1,255 Sqft |
|
Type |
House |
Parking
Land
|
Acreage |
No |
|
Land Amenities |
Public Transit |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|
|
Lower Level |
Bedroom 2 | | |
Measurements not available |
|
Main Level |
Primary Bedroom | | |
Measurements not available |
|
Upper Level |
Bedroom 3 | | |
Measurements not available |
|
Upper Level |
Bedroom 4 | | |
Measurements not available |