This prime investment property in Garneau offers a fantastic opportunity for both immediate rental income and future development, as it is zoned for 10 units. Located just steps from the University of Alberta and Whyte Avenue, it combines an unbeatable location with long-term growth potential. The owner has completed over $80k in renovations over the past 7 years, including a full interior and exterior paint job, new roof with upgraded shingles and insulation, replaced gutters, downspouts, and water pipes, updated electrical wiring and panel, and new gas furnace, boiler, washer, dryer, and refrigerator. The home features three bedrooms on the main floor and one in the basement, all currently fully occupied, ensuring steady cash flow. Whether you choose to continue renting or take advantage of the redevelopment zoning to build something new, this property provides excellent flexibility and value. Don’t miss this opportunity in one of Edmonton’s most desirable neighbourhoods!
Address
10820 83 AV NW
List Price
$650,000
Property Type
Residential
Type of Dwelling
Detached Single Family
Style of Home
Bungalow
Area
Edmonton
Sub-Area
Garneau
Bedrooms
4
Bathrooms
2
Floor Area
879 Sq. Ft.
Lot Size
4355.94 Sq. Ft.
Lot Shape
Rectangular
Year Built
1943
MLS® Number
E4418106
Listing Brokerage
Exp Realty
Postal Code
T6E 2E7
Zoning
Zone 15
Community Features
See Remarks
Exterior Features
Playground Nearby, Public Transportation, Schools
Interior Features
ensuite bathroom
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Stucco
Direction Faces
South
Foundation Details
Concrete Perimeter
Garage Type
Yes
Roof
Asphalt Shingles
Access To Property
Paved