ONLY $105,000 PER UNIT!
6 unit Condo project. A lot of ‘upside’ – rental rates $100-150/unit below neighbours. Install coin laundry machines (now FREE!) Listed at only $105,000/Unit! No Vacancies! Great Mix: 5-2 bdrm units ($850/unit/mo) & 1-1 bdrm unit ($800/mo). Self-managed. Many of the costly components are newer: New HW Tank (2016); Boiler (2002); most Windows are newer; Chain Link fenced back yard used as a children’s play area; Roof (1999); Recent upgrades to Plumbing; Fire Code Compliant; Low Flush Toilets; some new Cabinets/Countertops; Flooring: Ceramic Tile or Lino with either laminate or carpet flooring combinations of Units are upgraded & Painted as Tenants vacate. Located in Canora (W Edm), an area of positive transition ½ a Blk N of Stony Plain Rd (LRT expansion), walk to Grant MacEwan West End Jasper Gates Mall & all Amenities. Vacant lots across the street awaiting new Development. Won’t last long! Do not go direct/Disturb Tenants. Allow 1 ½-2 days’ notice to view. Proforma available upon request.
|CONDO PROJECT:||All 6 units have individual titles. Advantage of lower taxes than with one title plus provide an opportunity in the future when Condo Sales are more favorable to sell off individual units.|
|CANORA NEIGHBOURHOOD:||Canora is a neighbourhood of positive transition. Just minutes from Downtown, the new LRT LINE is planned to run along Stony Plain Road (just a couple of buildings north).|
|EXCELLENT STE MIX:||Fantastic Unit mix of 5 two Bdrm Units & 1 One Bdrm Units.|
|UPSIDE:||The Rental Rates are well below other similar projects in the area leaving room for rental increases. In addition, there is currently NO charge for Laundry! Suggest installing coin operated machines for additional income.|
|MANY UPGRADES:||New Roof 2016; New HW Tank; New Boiler 2002; Many upgrades as Tenants Vacate. Newer low flush toilets & other Bathroom Upgrades, windows, flooring, paint, appliances, lighting fixtures, paint, etc, etc, as required.|
|Rear of Project:||6 energized parking stalls. Tenants pay for their own Power including the parking. Fenced, secured back yard with play equipment for children. Shed included. Area for Tenants to Bar-B-Que and sit outdoors.|