Courtesy Of Jeneen Marchant Of RE/MAX Real Estate

8269 29 Av Nw, Edmonton, AB

$3,960,000

Previous Next

24,983

Square feet

About 8269 29 Av Nw

What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please.

Features of 8269 29 Av Nw

MLS® # E4403094
Price $3,960,000
Square Footage 24,983
Acres 0.00
Year Built 1977
Type Multi-Family Commercial

Community Information

Address 8269 29 Av Nw
Area Edmonton
Subdivision Tipaskan
City Edmonton
Province AB
Postal Code T6K 3J9

Amenities

Parking Spaces 24
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Construction Wood Frame

Additional Information

Date Listed August 22nd, 2024
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Jeneen Marchant Of RE/MAX Real Estate

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?