$590,000 · $590,000 Investment house near University and LRT train station (Mckernan)

7805-114 st. Is a house for sale I am selling because I am retiring. looks like lot size is 13.4m frontage by 39.8m. (about 533sq meters) Everything is upgraded to meet Alberta health minimum housing standards. Fire code egress windows are in all the basements. Everything is fully functional within the house. It doesn’t really matter what size of house it is. It looks like a small house. But it has 3 levels and six bedrooms!! You could easily turn it into an 8 or 9 bedroom. Each bedroom can easily rent for up to $700 per month. So you’ll take in over $4000 per month. This house is a cash machine. I’m not sure what to ask for this house. Maybe $590,000. Make any offer you think is fair. I might not take it, but I’ll save your number and maybe I’ll take it later on. It is right across the street from the McKernan Belgravia LRT train station. This is not a typical property within Edmonton. It’s also zoned for high density because it’s in the transit oriented development zone. The main reason to purchase these properties is that they will appreciate in value over the next few years. There are huge developments already underway in the near vicinity. You can view it anytime you like because I won’t be there to show you anyway. I don’t need to come there to show you the house. We can do it verbally through the phone. I will be ON THE PHONE with you when you take the tour. It’s full of short term young renters at the moment. If you buy the house, they will leave or they can stay. Maybe you Want some tenants in the house. If not just kick them out because they are on a month-to-month anyway.