10948 75 Avenue, Edmonton, AB T6G 0G9
Courtesy of Chuxiong Miao of Mozaic Realty Group.
- $738,000
- 7
- BD
- 7
- BA
- 1,558
- SqFt
- List Price
- $738,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- E4507685
- Subtype
- Residential
- Style
- 2 Storey
- Year Built
- 1953
- Bedrooms
- 7
- Bathrooms
- 7
- Full Baths
- 7
- Living Area
- 1,558
- Lot Size
- 598
- MLS Area Major
- Edmonton
Property Description
Rare opportunity to own a fully licensed 7-bedroom, 7-bathroom lodging house in sought-after McKernan, just steps from the University of Alberta. Operating with valid Development, Building, and Business permits, this turn-key property offers a rare legalized student/professional housing setup in one of Edmonton’s strongest rental markets. Situated on a 49.5' x 130' lot (approx. 600 sqm), the 2-storey home features 7 bedrooms, 7 full baths, including 5 ensuites. Walking distance to the U of A and McKernan/Belgravia LRT stations ensures consistent tenant demand. Major upgrades include a new roof with 15-year workmanship warranty, interconnected smoke/CO detectors, upgraded basement egress windows, vinyl windows, PEX plumbing, 100-amp service, newer furnace, and 2024 hot water tank. Generating approximately $5,000/month in gross rental income, this high-yield investment also offers significant future redevelopment potential.
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Additional Information
- Interior Features
- ensuite bathroom
- Exterior Features
- Back Lane, Flat Site, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby, Partially Fenced
- Community Features
- Mckernan
- Property Description
- 2 Storey
- Appliances
- Dishwasher-Built-In, Dryer, Refrigerator, Stove-Electric, Washer
- Heating
- Forced Air-1, Natural Gas
- Levels
- 3
- Roof
- Asphalt Shingles
- Foundation
- Concrete Perimeter
- Parking Features
- Single Garage Detached
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