9520 - 103 Avenue in : Boyle Street Multi-Family (Commercial) for sale (Edmonton) : MLS®# New

9520 - 103 Avenue T5H 0G9 : Boyle Street

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$3,213,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
NEW
Status:
Active
Edmon Manor is a 27 unit 3 ½ storey wood frame walk up apartment project with 27 generous size 1 Bdrm units. There are various functional & well configured floor plans. 1 unit is non-compliant (added after the original 1978 building permit). The Above Grade Units have Large Private Balconies. 24 Energized Parking Stalls which Tenants Pay and 2 additional Stalls. Some of the Parking is enclosed covered stalls. There are 2 Laundry Rooms with Leased Coin Machines with shared income. Two Units have Built in Dishwashers & 24 of the other units are plumbed in for the installation of Dishwashers if an Owner wishes to install them. There is Newer Siding on the Exterior. There are Many Upgrades including but not limited to Flooring, Appliances, Low Flush Toilets,, Paint, etc as required when Tenants vacate. There is Hot Water Heating and the Boiler has 2 pumps. There is a Forced Air FA Furnace for the Pressurized Hallways. Edmon Manor is located on a Large 15,464 sq.ft. South Facing Lot. The Rental Rates are Varied, many Below Market. The location is Central in Area of Positive Transition. Many Old Structures have been demolished and the Vacant Lots are ready for New Development. It is Walking Distance to Downtown, the River Valley and Amenities. Edmon Manor is a Clean & Well Maintained Building. The Owner who is retiring self manages the property. Please do not go direct or disturb Tenants. Allow 1 ½- 2 days notice for viewing. Proforma available on request.
Great Curb Appeal: Edmon Manor has Great Curb Appeal. It has Newer Vinyl Siding.
Balconies: Above Grade Units have Generous Size Private Balconies
Parking: There are 24 Energized Parking Stalls and 2 Additional Parking Stalls of which Some are Enclosed.
Dishwashers: There are 2 units with Dishwashers. The Owners chose not to replace Dishwashers when they required repair however 24 Units are plumbed for the installation of Built in Dishwashers if the New Owners Wish to do so.
Heating: Heating is Natural Gas. The Boiler which heats the Units has 2 Pumps. There is a Forced Air Furnace for Pressurized Hallways.
Laundry: There are 2 Laundry Rooms with Leased Coin Operated Washers and Dryers for Shared Income. There is also a sink for the Tenants Convenience.
Upgrading: Units are upgraded as required when Tenants Vacate. They vary from Unit to Unit. Upgrades include but is not limited to Paint, Flooring, Appliances, Fixtures, etc. Please view Photos.
Location: Located in Central Edmonton in an area of postive transition. Many old structures have been demolished with vacant lots ready for development. Walking Distance to Downtown and the River Valley.
Great Investment: Property shows a 5.3% Cap Rate at List Price. Property Value is Sure to Appreciate.
Financing: Treat as Clear Title and Place Your Own Financing at Today's Attractive Interest Rates!
Year built:
1978 (Age: 40)
Total Floor Area:
Switch units of measure17,759.05 sq. ft.
Listing information last updated on March 14, 2017 at 12:16 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.