11925 81 Street NW in Edmonton: Multi-Family (Commercial) for sale : MLS®# e1018494

11925 81 Street NW Edmonton T5B 2S7 :

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$3,750,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
E1018494
Status:
Sold

BRAND NEW CONSTRUCTION!!!

For those Investors not wanting to deal with the continual expense of upgrading and renovating, this project is for YOU! Eastwood Apartments has been newly constructed in 2012 from the `Stud`` Stage. The foundation and Some of the Studs are from the original construction in 1970. Originally a 2.5 storey structure, in 2002 the Owner added another level creating a 3.5 storey structure (4 floors). At this time the exterior siding was installed. Therefore the roof, siding, the studs & floor base are of 2002 vintage. The project was then TOTALLY gutted to the stage where the drywall, flooring, appliances, fixtures, cabinets, electictrical and mechancal were totally removed and the floor plan was re-configured.

Eastwood Apartments is located on a Mature, Quiet, Tree Lined Street just a block North of a recently constructed Neighbourd Mall & Public Transportation in an area of very positive transition on a large 22,500 sq.ft. lot. It is a 5 minute drive to Downtown and close to all amenities. There are several newer condo projects within close proximity and Shoppers Drug Mart is currently redevloping the old Cromdale Hotel Site. Please view the neighbourhood maps found in the photos as well as accessing the Google maps available on this listing.

Eastwood Apartments has an Excellent Suite Mix of 4 Three Bdrm units; 8 Two Bdrm units and 14 one Bdrm units. All units are above the typical size of units in Edmonton, featuring excellent functional floor plans and all feature Dishwashers & In-suite Laundry. The power is individually metered including the energized parking which the Tenants pay.

Due to the newer construction and the energy saving features, the Utilitiy costs are much lower than that of older projects.

The property is compliant with current fire and safe housing codes.

Internet & Wifi Service is offered to Tenants.

As of this posting, there are NO vacancies. The Tenant profile is desirable as is reflected in the multitudes of photos posted on this listing.

Please contact me for a proforma of this property and any questions that you may have.

This property is offered at below replacement cost. An Apprasal from 2012 is available.

Opportunity Knocks! When you diligently view older projects requiring sooo much capital to upgrade & this basically Newly constructed project not requiring the expensive anticipated upgrading costs in the near future, you will find the list price quite reasonable.

Thank you for viewing this listing which offers you an excellent investment opportunity which is certain to appreciate rapidly.

I await any questions or requests for additional information on this phenomenal investment opportunity

Price:
$3,750,000
Property Type:
Multi-Family (Commercial)
Year Built:
2012
MLS® Num:
e1018494
Status:
Sold
26 suites - excellent suite mix & size: 4- three Bdrm; 8 two bdrm & 14 one bdrm units
Brand New Ste Construction: New Drywall, Flooring, Paint, Fixtures, Appliances, Cabinets, Flooring, Electrical, Mechanical, Doors, Hardware, Lighting, Doors, etc, etc..
Listing information last updated on March 14, 2017 at 12:38 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.