Character & Charm - Excellent Long Term Tenants

10729 - 108 Street - Shawnessy Terrace t5h3a4 :

Main Photo: Character & Charm - Excellent Long Term Tenantsbanner
$1,199,000
Prop. Type:
Business with Property
MLS® Num:
N/A
Status:
Sold
This custom built 2 ½ storey apt building has Great Curb Appeal. It is of wood frame construction, tar & gravel roof and a brick front exterior. There are balconies & awnings on upper level suites which add to it's 'Homey' Charm! It features beautiful mature landscaping and an attractive entrance. It is located on quiet tree lined street within walking distance to Grant MacEwan College, Vic H.S; RA Hospital, NAIT, Kingsway Garden Mall and Downtown. Near bus routes & all amenities. There are many long term quality Tenants. With current low & varied rents it shows 7.8% cap rate. If increased to average market value, cap rate would be 8.71%. There are generous size suites with functional floor plan. The project is clean & well maintained. There is an excellent Resident Manager on Site. Laundry Machines (smart card) & Pop machine are leased. Management contract can be assumed. Suites are upgraded when Tenants leave as required (Paint, flooring, new appliances, counter tops, etc. The Seller is open to reasonable offers. Do not go direct or disturb Tenants. Easy to show. For proforma or appointment call Val Toffoli at 780-707-9395 or email at vtoffoli@shaw.ca
Price:
$1,199,000
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
Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.