Real Estate Investment: 3 Bed Condo in Edmonton

73 LANCASTER TC NW, Edmonton, AB, T5X 5S4

About This Property               

Recently renovated, you’ll find a neutral paint scheme, attractive and durable floors, and comfortable carpets that’ll feel like you’re walking on a cloud. With nothing left to do here, you’ll be sitting on cloud nine while you put your feet up and relax on your private balcony, or in front of your gorgeous wood burning fireplace. Now that’s a feature you can design around. The kitchen has updated cabinets with a bright fresh white, and a pass-through window makes meal times easy to manage. With this gorgeous colour palette you’ll have no troubles decorating to make this space truly yours. Tons of windows throughout, the natural light pours in to almost every room. The laundry off the three bedrooms upstairs is also super convenient, no one likes to carry a load of laundry up a flight of stairs. And, with in-suite storage and large bedrooms with closet organizers, your space needs are met!                    

Location: Located in the desirable northwest sector near major employment hubs and schools.

Tenant Profile: Property is great for tenants starting out and renovations will attract a quality tenant profile.

Buyer’s Expectations: Place a nice tenant quickly and enjoy solid cashflow in this perfect starter investment property.

Bonus Value: Property is a total turnkey and it’s the perfect price point for a new investor.

Condition: Fully renovated to a modern spec.

  • Built in 1977
  • 1,063 SQFT
  • $333.00 Maintenance Fee

Asking Price $149,900

Initial Cash Required: $34,130

Monthly Cash Flow: $82

Annual ROI: 26%

(10 Year Hold)



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