$379,000

8146 78 AV NW

King Edward Park, Edmonton

• 4 bedrooms
• 2 bathrooms
• 1,255 sq ft

About this home

Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex. (id:67770)

Facts

Bedrooms

4

Bathrooms

2

Living area

1,255 sq ft

Home type

House

Year built

1950

MLS® number

E4499646

Features

Heating

Forced air

Basement

Finished, Full

Appliances

Washer, Refrigerator, Stove, Dryer

Parking

Detached Garage

Rooms

Location

Listed by Alta-Pro Realty

Listing data is supplied by the CREA Data Distribution Facility (DDF®). It is deemed reliable but not guaranteed and should be independently verified. It is provided for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing.