Tremendous investment opportunity for investors in community of Elmwood park with lot of new infills and family friendly neighbourhood. This lot is 33ft x 150ft lot and you can build a front and back duplex with a legal basement suite + garden suite and take advantage of CMHC MLI program 5% down payment on a 5-unit building. Duplexes floor plans are already in place . These properties can create great cash flow if you rent a garden suite – $2500/month, duplex 3 beds -$2450/month X2 and basement suite - $1300/month X2 with income of 120K yearly. New units will have low maintenance cost. Buyer avoids demo, disposal, and potential asbestos costs.
Address |
12344 80st NW |
List Price |
$219,000 |
Property Type |
Single Family |
Type of Dwelling |
Vacant Lot/Land |
Style of Home |
2 Storey |
Area |
Edmonton |
Sub-Area |
Elmwood Park |
Lot Size |
4951.40 Sq. Ft. |
MLS® Number |
E4384168 |
Listing Brokerage |
Sterling Real Estate
|
Postal Code |
T5B 2P6 |
Site Influences |
See Remarks |