Property Details

10948 75 Avenue NW
Edmonton (A2348518)

$729,000
7
7
1,612 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Rare opportunity to acquire a turn-key 7-bedroom, 7-bathroom property with a legally permitted room-rental setup in McKernan. Operating under a valid Development Permit(DP)/Building Permit(BP), and Business Licence, the property offers a fully permitted room-rental configuration well suited to professional and student tenants. Conveniently located within walking distance of the McKernan/Belgravia LRT station, providing easy transit access to the University of Alberta and other major destinations. Situated on a substantial 49.5’ x 130’ lot (approximately 600 sqm), this solid 2-storey home features a functional layout designed for shared accommodation, with 7 bedrooms and 7 full bathrooms, including 5 ensuites. The property is conveniently located within walking distance of the McKernan/Belgravia and University of Alberta LRT stations, providing excellent access to the university, downtown and other major destinations. The home has benefited from numerous updates and improvements over the years. Recent upgrades include a new roof with a warranty certificate, interconnected smoke and carbon monoxide detectors throughout, and upgraded basement egress windows with new window wells. Additional improvements include vinyl windows, upgraded PEX plumbing lines, 100-amp electrical service, and a newer furnace and hot water tank installed in 2024. Set on a substantial inner-city lot in McKernan, this property combines an established lodging-house setup, substantial bedroom and bathroom capacity, convenient access to the University of Alberta, and potential long-term land value. A compelling opportunity for investors seeking an income-producing property in a central Edmonton location. Set on a substantial inner-city lot in McKernan, this property combines a legally permitted shared-accommodation setup, substantial bedroom and bathroom capacity, convenient access to the University of Alberta, and potential long-term land value. A compelling opportunity for investors seeking an income-producing property in a central Edmonton location.

Property details

Basic Info

MLS® #
A2348518
Property Type:
Residential
Subtype:
Detached
Subdivision:
McKernan
Price
$729,000
Sale/Lease:
For Sale
Size:
1,612 sq.ft.
Bedrooms:
7
Bathrooms:
7
Year Built:
1953 (73 years old)

Building Info

Structure Type:
House
Building Style:
2 Storey
Garage:
Yes
Parking:
Single Garage Detached
Fence:
Partial
Basement:
Full
Features:
No Animal Home, No Smoking Home, See Remarks, Vinyl Windows
Inclusions:
none
Appliances:
Bar Fridge, Dishwasher, Electric Stove, Range Hood
Laundry:
In Basement
Exterior Features:
Other
Patio/Porch Features:
None

Neighborhood Info

Nearby Amenities:
Other, Schools Nearby, Shopping Nearby

Lot / Land Info

Lot Size:
0 acres
Lot Features:
Back Lane, Level, Rectangular Lot
Zoning:
RS

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Vinyl Siding,Wood Frame
Floors:
Hardwood, Tile, Vinyl Plank
Foundation:
Poured Concrete
Heating:
Forced Air
Cooling:
None
Amenities:
Other, Schools Nearby, Shopping Nearby

Listing Info

Possession:
Negotiable
Days on Market:
9
Your Realtor
  • Yuri Smith

    Grassroots Realty Group Ltd.
    587-777-7276

    Email

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