10644-109 Street - The Gardens on Ninth: Business with Property for sale (Central McDougall) : MLS®# n/a

10644-109 Street - The Gardens on Ninth :

Main Photo: 10644-109 Street - The Gardens on Ninth: Business with Property for sale (Central McDougall)  : MLS®# n/abanner
$925,000
Prop. Type:
Business with Property
MLS® Num:
N/A
Status:
Sold
The Gardens on Ninth is an 18 Suite all brick building in desirable Queen Mary Park. Originally built as a 17 suite building, over the years one Bachelor unit was added. In addition, there are 12 Two Bdrm & 5 One Bdrm units. Electrical individually metered including energized parking except for the Bachelor Suite. The Lovely generous size character suites are as follows: one bdrm average 650 sq.ft., two bdrm average 850 sq.ft.. Many suites have been upgraded as Tenants move (paint & flooring in decorator tones, baseboards, new appliances, window coverings, energy saving low flush toilets & showers, etc). The tar & gravel roof was resurfaced 3 years ago. There are large windows in the suites allowing in much sun and natural light. The projects is clean and well maintained. The current low & varied rents show 7.95% cap rate at list price. If raised to average market rates for area, cap rate would be over 9%. It is walking distance to Downtown, Grant MacEwan College and to all amenities, as well as on public transit routes. The Seller is open to reasonable offers. Do Not Go Direct or disturb Tenants. Easy to show with Appointment. For proforma or appointment on this all brick project call Val Toffoli at 780-707-9395 or email me at vtoffoli@shaw.ca
Price:
$925,000
Property Type:
Business with Property
MLS® Num:
n/a
Status:
Sold
Listing information last updated on April 27, 2012 at 03:49 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.