This property is listed by RE/MAX Excellence.
Data was last updated 2025-06-25 at 20:18:11 GMT
Priced to Sell! Tremendous Real Estate Investment Opportunity in the highly sought-after community of Queen Alexandra! This character home features a spacious 3 bedroom, 2 bathroom upper suite(1650 sf) along with a 1 bedroom, 1 bathroom LEGAL basement suite(900 sf), creating excellent opportunities for both investors and owner-occupants alike. Located just a short walk to the U of A Campus and vibrant Whyte Avenue, this property offers exceptional appeal in one of Edmonton?s strongest rental locations. The basement tenant would love to stay and is currently paying $1,150/month plus utilities, while the main floor will become available August 1st ? making this an ideal opportunity for a buyer to live upstairs while generating income from the legal suite below to help offset mortgage costs. For investors, the property currently generates approximately $42,000 annually with tenants paying utilities. Also offering future redevelopment potential for a 6 to 9 unit multiplex in this prime central location.
Listing Information
- Prop. Type:
- Detached Single Family
- Property Style:
- 2 Storey
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4487640
- Bedrooms:
- 4
- Neighbourhood:
- Queen Alexandra
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $569,900
General Information
- Year Built:
- 1917
- Total Square Feet:
- 1668ft2
Additional Information
- Basement Dev:
- Full, Finished
- Parking:
- Over Sized, Single Garage Detached
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.