Property Details
10948 75 Avenue NW
Edmonton (A2314975)
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.
Property details
- MLS® #
- A2314975
- Property Type:
- Residential
- Subtype:
- Detached
- Subdivision:
- McKernan
- Price
- $799,900
- Sale/Lease:
- For Sale
- Size:
- 1,612 sq.ft.
- Bedrooms:
- 7
- Bathrooms:
- 7
- Year Built:
- 1953 (73 years old)
- 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:
- N/A
- Appliances:
- Dishwasher, Electric Stove
- Laundry:
- In Basement
- Exterior Features:
- Other
- Patio/Porch Features:
- None
- Nearby Amenities:
- Other, Schools Nearby, Shopping Nearby
- Lot Size:
- 0 acres
- Lot Features:
- Back Lane, Level, Rectangular Lot
- Zoning:
- RS
- 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
- Possession:
- 90 Days / Neg,Other/See Remarks
- Days on Market:
- 14
Basic Info
Building Info
Neighborhood Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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