Courtesy Of Jeneen L Marchant Of RE/MAX Real Estate.

8269 29 Avenue Nw, Edmonton

$3,960,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please.

Essential Information
MLS® #E4403094
Price$3,960,000
Bathrooms0.00
Acres0.00
Year Built1977
TypeMulti-Family Commercial
StatusActive
Community Information
Address8269 29 Avenue Nw
AreaEdmonton
SubdivisionTipaskan
CityEdmonton
CountyALBERTA
ProvinceAB
Postal CodeT6K 3J9
Exterior
RoofAsphalt Shingles
ConstructionWood Frame
Additional Information
ZoningZone 29
LISTING MAP

Listing information last updated on February 11th, 2025 at 6:02pm MST.

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