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Unknown Address ,

$5,618,000

Parklane Gardens, a 3.5 storey, 48 Unit Multi-Family Rental Project located on a 28,565 sq.ft. RA8 zoned lot is located in the desirable Neighbourhood of Inglewood which has been and continues to be in very positive transition. Walk to Downtown & All the 'WOW' Amenities of 124th Street. On Bus Route. The 48 one Bdrm Units average 672 sq.ft. Over $600,000 spent on upgrading including new roof, siding, windows, balconies, railings and upgrades to units as required. Boiler is 10yr old. Pride of Ownership is evident. Low & varied rental rates with much 'upside' to increase. Phenomenal Investment Opportunity with much 'value add'. Costly major component upgrades have been done. Please allow 2 Business Day notice to view with confirmation that Buyer is familiar with area, is pre-approved with a Lender and is satisfied with the information/numbers on the proforma to minimize disturbances to Tenants . (id:30777)

Property Details

MLS® Number E4148752
Property Type Multi-family
Neigbourhood Inglewood_EDMO
Community Name Inglewood
Amenities Near By Shopping, Public Transit
Community Features High Traffic Area
Features Corner Site, Flat Site, Lane
Parking Space Total 48

Building

Constructed Date 1977
Fireplace Present No

Land

Acreage No
Land Amenities Shopping, Public Transit
Size Irregular 28565
Size Total 28565 Sqft
Size Total Text 28565 Sqft

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20469733

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Maxwell Polaris
4107 99 St
Edmonton, Alberta T6E 3N4

(780) 450-6300
(780) 450-6670