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
- MLS® #
- E4507685
- Bedrooms
- 7
- Bathrooms
- 7
- Year Built
- 1953
- Region
- Edmonton
- Community
- Mckernan
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
- Garage
- Yes
Mortgage Calculator
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