Property Highlights:

• Address: 11716 85 St, Edmonton
• Price: $530,000
• Down Payment: $53,000
• Vendor Take-Back Mortgage (VTB): 24 months at 5% interest
• Monthly Payment: $2,700

Current Rental Income:

• 2 Bedroom Suite: Rented at $950 (Retail rent: $1,100)
• Bachelor Suite: Rented at $800
• 1 Bedroom Suite: Rented at $800 (Retail rent: $950)
• 1 Bedroom Suite: Rented at $800 (Retail rent: $950)

Total Current Rent: $3,350 per month

Investment Potential:

• Rental Income: The current rents are below retail value, presenting a significant opportunity to increase rental income.
• Lease Terms: All leases expire at the end of August, offering flexibility for adjustments to market rent rates.

Why Invest in Parkdale? Parkdale is a dynamic and growing community with a strong demand for rental properties. Investing in this 4-plex offers a chance to capitalize on the area’s increasing property values and rental rates.