10724 - 105 Street NW in Edmonton: Central McDougall Multi-Family (Commercial) for sale : MLS®# New

10724 - 105 Street NW Edmonton T5H 2X2 : Central McDougall

Front Exterior as seen from across the streetbanner
$2,100,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
NEW
Status:
Active

PRICE REDUCED TO SELL! $105,000/UNIT! LESS THAN $350,000 CASH TO ASSUMABLE MORTGAGE!

Chateau Royale is a 20 unit Condo Project with an excellent ste mix of 2 Bachelor, 6 one Bdrm, 9 two Bdrm & 3 three Bdrm unit.Located on a tree lined street on the LRT route. Walking Distance to the RAH Hospital; Victoria School; Grant MacEwan University; Downtown and the WOW Factor of 104th Ave and the new Arena (Ice District) amenities. Many partial ongoing upgrades to units. Newer Steel Back Entrance Door & Alarm System for Mechanical & Stoarage Rooms. The Owner will be replacing the Roof prior to Possession. The List price reflects additional required repairs and upgrading. Proactive Mgmt required.Most rents below average rental rates of neighbouring projects with possibility of increase with upgrading. Fantastic Rate on Mtg that has to ben be assumed to qualified Buyer. Great Opportunity for the Right Buyer. Do not approach property or disturbTenants. Viewings require 1 ½-2 day notice. Proforma available upon request. Email: vtoffoli@shaw.ca or call /text 780-707-9395

Price:
$2,100,000
Property Type:
Multi-Family (Commercial)
Year Built:
1967
MLS® Num:
New
Status:
Active
20 CONDO UNITS: Registered Condo Plan with 20 registerable titles will transferred on closing.
GREAT SUITE MIX: 2 Bachelor, 6 One Bdrm, 9 Two Bdrm, 3 Three Bdrm Units
Excellent Mortgage: $1,757,590 CMHC Insured Mtg @ 2.89% expiring June 2019. Annual PI $87,408. Buyer MUST quality & the Sellers' Covenants MUST be removed.
LOCATION: Walking distance to RA Hospital; Grant MacEwan University, WOW Amenities of 104th Ave and the New Ice District (Arena). On the LRT route
MANY UNIT UPGRADES: Many Units have had partial upgrades such as Newer Cabinets; Laminate / Linoleum Flooring; Appliances; Fixtures; Lighting; Low Flush Toilets, Paint, etc.
PRICED TO SELL: Project requires additional upgrades/repairs and is priced accordingly. Sold 'As Is'
UPSIDE: Rents are varied and most below Market Rental Rates. With upgrading to Common Areas and some Unit upgrades there is upside to increase rents substantially.
Listing information last updated on August 1, 2016 at 06:26 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.