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Listed by Don Brown • Royal LePage Noralta Real Estate
$ 4,800,000
Est. payment | /mo
$ 4,800,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID E4460310
Year Built 1978
Property Description
An exciting investment opportunity in Westmount—this 32-unit apartment building is just steps from Unity Square, 124 Street, and the upcoming LRT on 104 Avenue, with Grant MacEwan University and downtown only minutes away. The property includes twelve 1-bedroom units and twenty 2-bedroom units in varying stages of renovation; first-floor units are below grade with no patios, while above-grade 2-bedrooms feature balconies and either dishwashers or space for them. Each floor offers laundry facilities, central vacuum access at both ends of the building, and added storage between the 2nd–3rd and 3rd–4th floors. Recent upgrades include a new boiler (2019), exterior stucco and paint (2016/17), and a new roof (2016/17). Eight units require renovations before leasing, presenting value-add potential. The building offers 32 electrified parking stalls, 7 visitor stalls, and an outbuilding for maintenance equipment, with posted income based on estimated market rents and 7% vacancy.
Location
Province AB
Zoning Zone 07
Interior
Flooring Carpet, Ceramic Tile, Laminate
Others
Tax ID 0010285725
Ownership Private
Copyright 2025 by the REALTORS® Association of Edmonton. All rights reserved.
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