Penthouse
10 Bedrooms
6 Bathrooms
Size: 5,027 sqft
Mnt Fee:
$950,000
About this Penthouse in King Edward Park
Rare Investment Opportunity: Entire Fourplex on a Single Title Opportunities to acquire a purpose-built, townhouse-style fourplex on a single title are exceptionally rare. This low-vacancy, high-cash-flow asset offers a massive advantage over standard multiplexes. Each of the four units features a spacious two-storey layout that feels like a single-family home, boasting three large bedrooms upstairs and 1.5 bathrooms. Unlike typical apartments, every unit includes its own f…ull basement—a highly sought-after feature that provides tenants with incredible private storage and secures long-term tenant retention. The property has been pridefully maintained with moderate renovations completed over the years, ensuring solid mechanicals and interiors with minimal immediate CapEx. With no condo fees and an ideal footprint for maximizing net operating income, this turnkey building is a premier addition to any buy-and-hold portfolio.
Courtesy of of RE/MAX Elite.
Rare Investment Opportunity: Entire Fourplex on a Single Title Opportunities to acquire a purpose-built, townhouse-style fourplex on a single title are exceptionally rare. This low-vacancy, high-cash-flow asset offers a massive advantage over standard multiplexes. Each of the four units features a spacious two-storey layout that feels like a single-family home, boasting three large bedrooms upstairs and 1.5 bathrooms. Unlike typical apartments, every unit includes its own full basement—a highly sought-after feature that provides tenants with incredible private storage and secures long-term tenant retention. The property has been pridefully maintained with moderate renovations completed over the years, ensuring solid mechanicals and interiors with minimal immediate CapEx. With no condo fees and an ideal footprint for maximizing net operating income, this turnkey building is a premier addition to any buy-and-hold portfolio.
Courtesy of of RE/MAX Elite.
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the REALTORS® Association of Edmonton which assumes no responsibility for its accuracy.
More Details
- MLS®: E4493118
- Bedrooms: 10
- Bathrooms: 6
- Type: Penthouse
- Size: 5,027 sqft
- Lot Size: 797 sqft
- Full Baths: 4
- Half Baths: 4
- Basement: Full, Unfinished
- Storeys: 2 storeys
- Year Built: 1979
- Style: 2 Storey
More about King Edward Park, Edmonton
Latitude: 53.51600918
Longitude: -113.43803717