Extra Large Stes with Dishwashers! Sauna Facility on Site!

10512 - 93 Street - Cedar House- REDUCED! T5H1X7 :

Main Photo: Extra Large Stes with Dishwashers! Sauna Facility on Site!banner
$2,700,000
Prop. Type:
Business with Property
MLS® Num:
E1005390
Status:
Sold
Cedar House Features 20 Extra Large 1 Bedroom suites (approx 700 sq.ft.-TBC) PLUS 3 Bachelor Suites added on over the years. It has Huge Private Balconies that span the length of the Units! The 1 Bdrm stes feature dishwashers. There is a sauna & bathroom facility which are not currently being utilized which would make a super amenity for a future condo conversion feature. This project is Clean & well maintained. It is located on a quiet tree lined street within walking distance to the River Valley, Jasper Avenue & City Center. It is Close to Public Transportation. Cedar House has Great Curb Appeal. Very low rents - more than $100/ste below market value so plenty of upside for the future! It is a 3 ½ storey, wood frame construction project with wood siding; an asphalt shingle roof; Hot Water Heating (2 boilers & 2 HW Tanks!). It is a Very Energy Efficient Bldg. The Suites are upgraded as Tenants vacate. The Out of Area Owner Self Manages with very competent on-site Res. Mgr. Blt in 1978. Treat as Clear Title. Do Not Go Direct or Disturb Tenants. Sellers are open to reasonable offers. Property is Easy to show to qualified Buyers. For Additional Information a Proforma, and/or an appointment to view, call Val Toffoli - Phone: 780-707-9395;  Fax: 780-433-0272;
Email:  vtoffoli@shaw.ca;  Website: www.valtoffoli.com   
Price:
$2,700,000
Property Type:
Business with Property
MLS® Num:
E1005390
Status:
Sold
Listing information last updated on April 27, 2012 at 03:50 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.