Tremendous investment opportunity for investors in community of Elmwood park with lot of new infills and family friendly neighbourhood. This lot is 33ft x 150ft lot and you can build a front and back duplex with a legal basement suite + garden suite and take advantage of CMHC MLI program 5% down payment on a 5-unit building. Duplexes floor plans are already in place . These properties can create great cash flow if you rent a garden suite – $2500/month, duplex 3 beds -$2450/month X2 and basement suite - $1300/month with income of 120K yearly. New units will have low maintenance cost. Buyer avoids demo, disposal, and potential asbestos costs.
Data was last updated June 25, 2024 at 08:30 PM (UTC)
Area Statistics
Listings on market:
113
Avg list price:
$268,888
Min list price:
$110,000
Max list price:
$1,299,000
Avg days on market:
40
Min days on market:
1
Max days on market:
468
Avg price per sq.ft.:
$271.19
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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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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