Buy and Hold

11716 85 St – Seller Financing 4-Plex in Parkdale



11716 85 St

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.

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