Investor Alert! Nestled on a beautiful tree-lined street in the mature community of Alberta Avenue, this raised bungalow with a legal basement suite is a cashflow dream. Offering 5 bedrooms total (3 up, 2 down), 2 kitchens, 2 full baths, and separate laundry on each level, it’s perfect for rental income or living in one unit while renting the other. Enjoy a separate entrance, fully fenced yard, and new furnace. The double detached garage is also rented, bringing in additional income. Currently generating $2,585/month (utilities paid by tenants), this home is fully permitted and inspected by the City of Edmonton. Located minutes from NAIT, downtown, Royal Alex Hospital, transit routes, rec centres, and walking trails—this is the kind of turn-key investment that doesn’t come around often!
Property Type:
Single Family
Dwelling Type:
Detached Single Family
Home Style:
Raised Bungalow
Total Floor Area:
1,128.39 sq. ft.105 m2
Price Per SqFt:
$327.9
Total area above grade.:
1,128 sq. ft.104.83 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Shape:
Rectangular
Grade Level Entry:
Yes
Levels:
2
Exposure / Faces:
West
Year built:
1970
(Age: 55)
Bedrooms:
5
(Above Grd: 3)
Bathrooms:
2.0
(Full:2/Half:0)
Total Rooms Above Grade:
6
Building Type:
Detached Single Family
Construction:
Wood, Stucco
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Ceramic Tile, Hardwood, Laminate Flooring
Heating:
Forced Air-1, Natural Gas
Parking:
Double Garage Detached
Garage:
Yes
Ensuite:
No
See Remarks
Alberta Avenue
Back Lane, Fenced, Flat Site, Landscaped, Low Maintenance Landscape, Playground Nearby, Public Transportation, Schools, Shopping Nearby
See Remarks
Back Lane, Fenced, Flat Site, Landscaped, Low Maintenance Landscape, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Data was last updated April 26, 2025 at 09:30 PM (UTC)
Area Statistics
Listings on market:
90
Avg list price:
$309,950
Min list price:
$149,000
Max list price:
$1,849,900
Avg days on market:
34
Min days on market:
1
Max days on market:
373
Avg price per sq.ft.:
$306.62
These statistics are generated based on the current listing's property type
and located in
Zone 05. Average values are
derived using median calculations.
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