About 10315 120 Avenue
Over $180K in upgrades and renovations over the past 9 years. 6-Plex on a corner lot (45.7 x 15.2 SQM) with 100% occupancy throughout. Current market rates present an opportunity to increase profit/cap rate by over 30%. Current rents may qualify for CMHC MLI Select financing, though the seller does not accept long-term financing. All tenants are month-to-month. Prime location near NAIT, Royal Alex Hospital, Blatchford, Downtown, and the Future LRT. Major upgrades: New parking/sidewalk, sewer line, boiler, hot water tank, balconies, main doors, mail lockbox, security system, additional storage, and shed. New fridges and some other appliances. Windows re-sealed and framed. Five suites partially renovated, Unit 102 fully renovated. The heating and security systems can be controlled remotely. Current rents: Four 2-bedroom units at $1,100 Two 1-bedroom units at $900. Rents are over 30% below market. Laundry revenue can be increased by over 50%.
Features of 10315 120 Avenue
| MLS® # | E4420438 |
|---|---|
| Price | $900,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1972 |
| Type | Multi-Family Commercial |
| Status | Active |
Community Information
| Address | 10315 120 Avenue |
|---|---|
| Area | Edmonton |
| Subdivision | Westwood (Edmonton) |
| City | Edmonton |
| County | ALBERTA |
| Province | AB |
| Postal Code | T5G 0S4 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Wood Frame |
|---|---|
| Construction | Wood Frame |
Additional Information
| Date Listed | February 5th, 2025 |
|---|---|
| Days on Market | 1 |
| Zoning | Zone 08 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Anahid Shahmoradi Of MaxWell Challenge Realty |
|---|