Buy & Build potential up to 4 Story apartment for a 29 units on a RM h16 zoning "CORNER" lot 49.9’ * 150’(140'). The site is backing to green space and off leash Park. The site location near Canadian tire & Superstore and public transportation to Kingsway mall. Bachelor (2 units), 1-bed (18 units), 2-bed (9 units). 29 units estimated gross income $528,000. Cap rate 5.25%. The seller is also option to build the completed project on request. The floorplan is for reference purposes only and is not final. The new owner will collaborate with the designer to optimize the potential of the lot. Photo is 3D rendering for illustration purpose only
Address
11739 122 ST NW NW
List Price
$599,900
Property Type
Land
Area
Edmonton
Sub-Area
Inglewood (Edmonton)
Year Built
1950
MLS® Number
E4414623
Listing Brokerage
MaxWell Polaris
Postal Code
T5M 0B6
Zoning
Zone 07
Construction Materials
Wood Frame