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$ 595,000
Est. payment /mo
New
8656 118 AV NW Edmonton, AB T5B0S8
1,419 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,419 sqft
Price per Sqft $419
Subdivision Eastwood
MLS® Listing ID E4448334
Year Built 1949
Lot Size 3,681 Sqft
Acres 3681.0
Source REALTORS® Association of Edmonton
Property Description
Prime Mixed-Use Building on High-Exposure 118 Avenue! Welcome to 8956 118 Avenue, a fully leased mixed-use commercial/residential property offering exceptional investment value in a high-traffic location. Zoned CB2, this well-maintained building features a popular main-floor family restaurant (1,419 sqft) & two upper-level residential apartments totaling 1,465 sqft. Originally built in 1949, the property has seen several key upgrades over the years, including windows, roof, exterior finishings, and boiler system, providing peace of mind & reduced maintenance. ? Current Gross Income: $5,000/month ? Cap Rate: ~7% Whether you're looking to expand your investment portfolio or own a piece of 118 Ave with excellent visibility & stable income, this property is a must-see. ? Outstanding exposure with direct access to major corridors and public transit. Don't miss this rare opportunity to own a versatile revenue-generating property in a rapidly evolving commercial corridor. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Others
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Listed by RE/MAX Elite