1-18 12922 & 12924 118 Ave NW in Edmonton: Sherbrooke Multi-Family (Commercial) for sale

1-18 12922 & 12924 118 Ave NW Edmonton T5L2L4 : Sherbrooke

Main Photo: 1-18 12922 & 12924 118 Ave NW in Edmonton: Sherbrooke Multi-Family (Commercial) for salebanner
$1,890,000
Prop. Type:
Multi-Family (Commercial)
Status:
Sold
This Charming & Attractive 18 Unit Condo Complex is located in the desirable neighbourhood of Sherbrooke. This Project has Great Curb Appeal with the newer vinyl siding & Stunning Custom Canopy. The two structures, a 6 unit building & a 12 unit building are situated on a Huge 25,000 sq.ft. lot. Bedford Manor has an excellent mix of 10 one bedroom units & 8 two bedroom units. All units are l generous in size and of a functional & pleasing configuration. Some of the units feature gleaming Hardwood Floors; others have upgraded carpet in the main living areas with upgraded linoleum in the Kitchens & Bathrooms. The Common Areas have been tastefully upgraded in current popular color pallets while maintaining the ‘character’ integrity of these character buildings. There have been many upgrades to the units, all varying in degree as required when Tenants vacate. Most appliances are newer. As is typical with all Character Projects of this Vintage, there is asbestos wrapping on the pipes to the Boiler. There are currently No Vacancies. The Rental rates are below market can be raised as leases come due. It is ½ block away from the St. Albert Trail circle; minutes to the Municipal Airport Land which is scheduled for redevelopment; a couple of minutes to Westmount Mall and just minutes to Downtown as well as being on the Bus Route. All Amenities are near. There is a gas bar/convenience store across the street as well as a Tim Hortons. There is a neighbourhood strip mall at the end of the block. Treat this listing as Clear Title, allowing you to obtain a fantastic low mortgage rate! This phenomenal Investment Opportunity won’t last! Please Do not go direct & disturb Tenants. Viewings are Subject to Tenant’s Rights. Please allow 1 ½-2 days minimum notice for viewings AFTER you verify that you are pre-qualified; that you have reviewed the proforma and are satisfied with the info/numbers; have done a drive-by to be satisfied with the neighbourhood/curb appeal; acknowledge that the Seller will not carry a 2nd Mtg; and that they will not entertain ‘low ball’ offers. The above criteria is to minimize the disturbance of Tenant’s to those viewings of serious, qualified Buyers & I thank you for your co-operation. For additional information, a Proforma and/or an appointment to view this phenomenal investment property, please call Val at 780-707-9395; email me at vtoffoli@shaw.ca; or view particulars of this listing including photos at www.valtoffoli.com
Price:
$1,890,000
Property Type:
Multi-Family (Commercial)
Status:
Sold
Listing information last updated on August 6, 2013 at 10:14 AM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.