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.
Address
10948 75 AV NW
List Price
$799,900
Property Type
Residential
Type of Dwelling
Detached Single Family
Style of Home
2 Storey
Transaction Type
Sale
Area
Edmonton
Sub-Area
McKernan
Bedrooms
7
Bathrooms
7
Floor Area
1,615 Sq. Ft.
Lot Size
6440.16 Sq. Ft.
Lot Shape
Rectangular
Year Built
1953
MLS® Number
E4493530
Listing Brokerage
Mozaic Realty Group
Postal Code
T6G 0G9
Zoning
Zone 15
Parking
Single Garage Detached
Community Features
Carbon Monoxide Detectors, Detectors Smoke
Exterior Features
Back Lane, Flat Site, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby, Partially Fenced
Interior Features
ensuite bathroom
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
South
Foundation Details
Concrete Perimeter
Garage Type
Yes
Roof
Asphalt Shingles
Access To Property
Paved Driveway to House
