House
Year Built: 1953
Area: 1612 sqft
Bedrooms: 7
Bathrooms: 7
Car Parking: 4
10948 75 Avenue Nw Edmonton, Alberta T6G 0G9
$799,900
Description
Rare opportunity to acquire a fully licensed, turn-key 7-bedroom, 7-bathroom lodging house in the premier neighborhood of McKernan, just steps from the University of Alberta. Operating under a valid Development Permit (DP), Building Permit (BP), and Business Licence (BL), this property offers a rare, fully legalized single-professional/student housing setup in one of Edmonton’s most high-demand rental corridors.Situated on a substantial 49.5’ x 130’ lot (approx. 600 sqm), this solid 2-storey home features a highly functional layout tailored for legalized shared accommodation, boasting 7 bedrooms and 7 full bathrooms (including 5 ensuites). Its unbeatable location is within easy walking distance to both the McKernan/Belgravia and U of A LRT stations, providing top-tier transit accessibility that ensures a consistent stream of tenant demand.The property offers outstanding operational reliability, with all major building systems meticulously upgraded over the years to ensure top-tier safety and structural peace of mind. Recent premium improvements feature a brand-new roof with 15 year workmanship warranty certificate, interconnected smoke/CO detectors throughout, and newly upgraded basement egress windows with fresh window wells. Mechanically superior and carefully maintained, the home is further enhanced by vinyl windows, upgraded PEX plumbing lines, a 100-amp electrical service, and a newer furnace and hot water tank (2024).Representing an exceptional, high-yield cash cow generating approximately $5,000 CAD in total monthly gross rental income, this premium property offers stable, immediate revenue with zero deferred maintenance. Combined with significant underlying land value and future high-density redevelopment potential, it is a bulletproof investment in a prime inner-city location. (id:51913)
Property Details
| Amenities Near By : Schools, Shopping |
| Features : See Remarks, Other, Back Lane, Pvc Window, No Animal Home, No Smoking Home, Level |
| Parking Space Total : 4 |
| Plan : 276hw |
| Structure : None |
| MLS® Number : A2314975 |
| Property Type : Single Family |
| Community Name : McKernan |
Building
| Bathroom Total : 7 |
| Bedrooms Above Ground : 5 |
| Bedrooms Below Ground : 2 |
| Bedrooms Total : 7 |
| Appliances : Dishwasher, Stove |
| Basement Development : Finished |
| Basement Type : Full (finished) |
| Constructed Date : 1953 |
| Construction Material : Wood Frame |
| Construction Style Attachment : Detached |
| Cooling Type : None |
| Exterior Finish : Vinyl Siding |
| Flooring Type : Hardwood, Tile, Vinyl Plank |
| Foundation Type : Poured Concrete |
| Heating Type : Forced Air |
| Stories Total : 2 |
| Size Interior : 1612 Sqft |
| Total Finished Area : 1612.33 Sqft |
| Type : House |
Land
| Size Total : 598.29 M2|4,051 - 7,250 Sqft |
| Size Total Text : 598.29 M2|4,051 - 7,250 Sqft |
| Size Frontage : 15.1 M |
| Acreage : No |
| Land Amenities : Schools, Shopping |
| Fence Type : Partially Fenced |
| Size Irregular : 598.29 |
| Zoning Description : Rs |
Rooms
| Level | Type | Dimensions |
|---|---|---|
| Second Level | Primary Bedroom | 12.08 Ft x 23.25 Ft |
| Second Level | Bedroom | 18.75 Ft x 8.38 Ft |
| Second Level | Bedroom | 8.92 Ft x 7.75 Ft |
| Second Level | 3pc Bathroom | 5.33 Ft x 6.00 Ft |
| Second Level | 3pc Bathroom | 5.33 Ft x 6.00 Ft |
| Second Level | 3pc Bathroom | 8.92 Ft x 4.00 Ft |
| Basement | Bedroom | 11.50 Ft x 21.75 Ft |
| Basement | 3pc Bathroom | 6.33 Ft x 7.42 Ft |
| Basement | Bedroom | 12.00 Ft x 15.00 Ft |
| Basement | 3pc Bathroom | 10.83 Ft x 6.33 Ft |
| Main Level | Bedroom | 12.08 Ft x 23.25 Ft |
| Main Level | 3pc Bathroom | 4.08 Ft x 10.58 Ft |
| Main Level | Bedroom | 9.50 Ft x 11.83 Ft |
| Main Level | 3pc Bathroom | 7.00 Ft x 6.50 Ft |
Map
Agents and Offices
- Fang Wang
- Office: First Place Realty
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