Courtesy of Val Toffoli of MaxWell Polaris

 11530 124 Street NW , Edmonton

Bed / Bath / $5,618,000 / MLS® #:E4148752

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Parklane Gardens, a 3.5 storey, 48 Unit Multi-Family Rental Project located on a 28,565 sq.ft. RA8 zoned lot is located in the desirable Neighbourhood of Inglewood which has been and continues to be in very positive transition. Walk to Downtown & All the `WOW' Amenities of 124th Street. On Bus Route. The 48 one Bdrm Units average 672 sq.ft. Over $600,000 spent on upgrading including new roof, siding, windows, balconies, railings and upgrades to units as required. Boiler is 10yr old. Pride of Ownership is evident. Low & varied rental rates with much `upside' to increase. Phenomenal Investment Opportunity with much `value add'. Costly major component upgrades have been done. Please allow 2 Business Day notice to view with confirmation that Buyer is familiar with area, is pre-approved with a Lender and is satisfied with the information/numbers on the proforma to minimize disturbances to Tenants .

Property Details

Area Edmonton
Property Type Multi-Family Commercial
Days On Our Website 58
Garages 0

Listing Office: MaxWell Polaris

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