Courtesy Of Cindy Dooley of Exp Realty

11725 97 ST NW

Detached Single Family For Sale in Alberta Avenue, Edmonton

$349,900
  • 5 Beds
  • 2 Baths
  • 1,173 Sq. Ft.
  • Built 1932
Opportunity knocks!Legally Suited home offers incredible potential as an income-generating property or as a versatile space for a large family. With the legal suite, the property currently generates a robust monthly income of $3,100, providing a solid 7% cap rate. The upstairs unit brings in $1,700 per month, while the downstairs unit adds an additional $1,400. Key updates to the home include a newer furnace, hot water tank, and roof. Setting a strong foundation for any further renovations you might wish to undertake, and making it easier to enhance the living spaces to your taste. Featuring a two-car detached garage, offering ample parking and storage solutions. The potential here is enormous; whether you choose to rent out both units for a substantial income or live in one while renting the other, the financial benefits are clear. This property is ideal for savvy investors looking to capitalize on its income potential or for families seeking a home with additional rental income to offset mortgage costs.
Address 11725 97 ST NW
List Price $349,900
Property Type Single Family
Type of Dwelling Detached Single Family
Style of Home Bungalow
Area Edmonton
Sub-Area Alberta Avenue
Bedrooms 5
Bathrooms 2
Floor Area 1,173 Sq. Ft.
Year Built 1932
MLS® Number E4392278
Listing Brokerage Exp Realty
Postal Code T5G 1Y3
Site Influences Back Lane, Fenced, Public Transportation, Schools, Shopping Nearby

Request More Info or a Showing

Sarah Lizee

RE/MAX ELITE

Edmonton AB T6W 0J5

Office: (780)298-3637

Sold@SarahLizee.ca