An exciting investment opportunity in Westmount—this 32-unit apartment building is just steps from Unity Square, 124 Street, and the upcoming LRT on 104 Avenue, with Grant MacEwan University and downtown only minutes away. The property includes twelve 1-bedroom units and twenty 2-bedroom units in varying stages of renovation; first-floor units are below grade with no patios, while above-grade 2-bedrooms feature balconies and either dishwashers or space for them. Each floor offers laundry facilities, central vacuum access at both ends of the building, and added storage between the 2nd–3rd and 3rd–4th floors. Recent upgrades include a new boiler (2019), exterior stucco and paint (2016/17), and a new roof (2016/17). Eight units require renovations before leasing, presenting value-add potential. The building offers 32 electrified parking stalls, 7 visitor stalls, and an outbuilding for maintenance equipment, with posted income based on estimated market rents and 7% vacancy. (id:47041)
| MLS® Number | E4460310 |
| Property Type | Multi-family |
| Neigbourhood | Westmount |
| Amenities Near By | Shopping, Public Transit, Schools |
| Features | Paved Lane, Lane, Balcony |
| Parking Space Total | 32 |
| Constructed Date | 1978 |
| Size Interior | 15,000 Ft2 |
| Acreage | No |
| Land Amenities | Shopping, Public Transit, Schools |
| Size Irregular | 24393.6 |
| Size Total | 24393.6 Sqft |
| Size Total Text | 24393.6 Sqft |
https://www.realtor.ca/real-estate/28937877/10625-122-st-nw-edmonton-westmount
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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