Priced to Sell! Tremendous Real Estate Investment Opportunity in the highly sought-after community of Queen Alexandra! This character home features a spacious 3 bedroom, 2 bathroom upper suite(1650 sf) along with a 1 bedroom, 1 bathroom LEGAL basement suite(900 sf), creating excellent opportunities for both investors and owner-occupants alike. Located just a short walk to the U of A Campus and vibrant Whyte Avenue, this property offers exceptional appeal in one of Edmontonâs strongest rental locations. The basement tenant would love to stay and is currently paying $1,150/month plus utilities, while the main floor will become available August 1st â making this an ideal opportunity for a buyer to live upstairs while generating income from the legal suite below to help offset mortgage costs. For investors, the property currently generates approximately $42,000 annually with tenants paying utilities. Also offering future redevelopment potential for a 6 to 9 unit multiplex in this prime central location. (id:27476)
