Edmonton, AB T5H2J6 10732 96 Street
$999,900
53 more
Presented By: Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty.
Home Details
OWN THE LAND, SUBSTANTAILLY RENOVATED BUILDING AND A PHENOMINAL REVENUE PRODUCING COMPLEX ALL IN ONE! BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON CURENTLY GENERATING NET PROFIT OF $101,383.78 A YEAR! THIS IS THE TAJ MAHAL OF ROOMING HOMES! Located in Downtown Edmonton this property BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING IN THE BASEMENT. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Current gross revenue is $141,720.00 and net profits which are$ 101,383.78 an AMAZING CAP RATE OF JUST OVER 10%! NOW BOASTING NEW SHAW INTERNET, RENT ROLL TO INCREASE ON MARCH 01, 2025
Presented By: Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty.
Interior Features for 10732 96 Street
Other Interior Features
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
General for 10732 96 Street
CityEdmonton
Construction MaterialsStucco, Wood Frame
FULLPrivate
Garage Y/NNo
Home Warranty Y/NNo
Living Area UnitsSquare Feet
MLS AreaMccauley
ModificationTimestamp2024-12-18T16:52:12.000Z
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Virtual TourClick here
Year Built1926
ZoningZone 13
Exterior for 10732 96 Street
Irrigation Water Rights Y/NNo