Real Estate Investment: Suited Detached Home in Edmonton

15208 93 St NW, Edmonton, AB, T5E 3V3

About This Property               

Did someone say CASHFLOW? Take a look at this legally suited bungalow in Evansdale. The main floor hosts 3 generous size bedrooms with updated finishings. A large kitchen with all the counter space you'd ever need. As you prepare dinner you have the luxury of watching the kids through the kitchen window no matter if they're playing in the front or massive backyard. The downstairs features a 2 bedroom 2 bath legal suite. Thats right! The master bedroom in the basement has a full bath of its own. The finishings will attract a top tier tenant with vinyl plank flooring, SS appliances and bright open space. 

Both units are fully rented on 1-year leases that are getting above market rents. This is a truly turn-key investment! 

Location: North end of Edmonton which is close to a lot of amenities such as: gyms, groceries stores, and malls. In addition, there are many schools in the area that cater to all age ranges.

Tenant Profile: Young families with working parents and blue collar workers who work shift work up north.

Buyer’s Expectations: Great cash-flowing, turnkey property. 

Condition: Interior is crisp, clean and new. It has a fully legal suite, new permits and great renovations. The roof has 1/3 of its life remaining and main floor windows are original. To lower utility expenses and add to your cashflow, upgraded windows should be budgeted.

  • Built in 1970
  • 1,097 SQFT
  • 3 Bed, 1 Bath upstairs
  • 2 Bed, 2 Bath downstairs

Asking Price $429,900

Initial Cash Required: $92,730

Monthly Cash Flow: $268

Annual ROI: 28%

(10 Year Hold)



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