7 Bedroom
7 Bathroom
1,615 ft2
Forced Air
$799,900
Rare opportunity to own a fully licensed 7-bedroom, 7-bathroom lodging house in sought-after McKernan, just steps from the University of Alberta. Operating with valid Development, Building, and Business permits, this turn-key property offers a rare legalized student/professional housing setup in one of Edmonton’s strongest rental markets. Situated on a 49.5' x 130' lot (approx. 600 sqm), the 2-storey home features 7 bedrooms, 7 full baths, including 5 ensuites. Walking distance to the U of A and McKernan/Belgravia LRT stations ensures consistent tenant demand. Major upgrades include a new roof with 15-year workmanship warranty, interconnected smoke/CO detectors, upgraded basement egress windows, vinyl windows, PEX plumbing, 100-amp service, newer furnace, and 2024 hot water tank. Generating approximately $5,000/month in gross rental income, this high-yield investment also offers significant future redevelopment potential. (id:63125)
Property Details
|
MLS® Number
|
E4493530 |
|
Property Type
|
Single Family |
|
Neigbourhood
|
McKernan |
|
Amenities Near By
|
Public Transit, Schools, Shopping |
|
Community Features
|
Public Swimming Pool |
|
Features
|
Flat Site, Lane |
Building
|
Bathroom Total
|
7 |
|
Bedrooms Total
|
7 |
|
Appliances
|
Dishwasher, Dryer, Refrigerator, Stove, Washer |
|
Basement Development
|
Finished |
|
Basement Type
|
Full (finished) |
|
Constructed Date
|
1953 |
|
Construction Style Attachment
|
Detached |
|
Fire Protection
|
Smoke Detectors |
|
Heating Type
|
Forced Air |
|
Stories Total
|
2 |
|
Size Interior
|
1,615 Ft2 |
|
Type
|
House |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit, Schools, Shopping |
|
Size Irregular
|
598.31 |
|
Size Total
|
598.31 M2 |
|
Size Total Text
|
598.31 M2 |
Rooms
| Level |
Type |
Length |
Width |
Dimensions |
|
Basement |
Bedroom 6 |
|
|
Measurements not available |
|
Basement |
Additional Bedroom |
|
|
Measurements not available |
|
Main Level |
Dining Room |
|
|
Measurements not available |
|
Main Level |
Kitchen |
|
|
Measurements not available |
|
Main Level |
Bedroom 4 |
|
|
Measurements not available |
|
Main Level |
Bedroom 5 |
|
|
Measurements not available |
|
Upper Level |
Primary Bedroom |
|
|
Measurements not available |
|
Upper Level |
Bedroom 2 |
|
|
Measurements not available |
|
Upper Level |
Bedroom 3 |
|
|
Measurements not available |