Opportunity Overview:

This off-market half duplex in Skyrattler, Edmonton, offers both strong rental income and value-add potential in a high-demand rental market. With a below-market purchase price and room to grow, this property provides options for immediate returns or future equity growth.

Property Details

Address: 2204 113 Street NW, Edmonton AB
Type: Half Duplex | 3 Bedrooms | 2.5 Bathrooms | 1,162 sqft
Purchase Price: $328,000
Lot Size: 436.44 m² (irregular corner lot)
Garage: Oversized double garage
Upgrades: New furnace (Fall 2023)

Investment Highlights

• Current POTENTIAL Rent: $2,200/month + utilities (CAN BE INCREASED!)
• Comparable Rentals: Nearby 2-bed apartments at $1,500/month; this 3-bed half duplex commands a premium rent

• For reference, a 2-bed, 1-bath apartment nearby is listed for rent at $1,600/month, and this is a larger half-duplex

  • 2115 118 Street NW, Edmonton: This is an 850-square-foot, two-bedroom, one-bathroom apartment located in Skyrattler. It features modern renovations and amenities.
• Potential for Value Add: Opportunity to renovate and increase rent further, or pursue a future resale with market appreciation
• Low Vacancy Area: High demand for rentals from professionals and families

Why This Property?

• Strong Cash Flow: Immediate rental income with minimal upfront work.
• Appreciation Potential: Skyrattler’s low property prices combined with proximity to Century Park LRT and South Common Shopping ensure steady long-term appreciation.
• Proven Market Demand: Steady demand for rental properties from both families and professionals.

View Property Photos HERE! – https://drive.google.com/drive/folders/1n3TvHIRKnhrfmnwguOiKCJG5wuW2sIML?usp=sharing