My Listings

Courtesy of Shelly D Reddy of Royal Lepage Arteam Realty

18 SASKATCHEWAN Avenue
Devon Devon T9G 1Y4

$720,000
Multi-Family Commercial

Exterior Front
Photo 1: 18 SASKATCHEWAN Avenue: Devon Multi-Family Commercial for sale : MLS®# E4238219
Photo 2: 18 SASKATCHEWAN Avenue: Devon Multi-Family Commercial for sale : MLS®# E4238219
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4238219
Build. Type:
Multi Tenant/Multi Plex
Five Plex located in Devon, AB. Situated on 4 adjacent lots on a single title and offering 33,600 sq.ft./3121 sq.m. of land. Zoned R3 - Medium Density Residential - permitted uses include multiple fourplexes, triplexes, townhousing, etc.- Great opportunity for an investor to rent currently, or maximize Highest & Best Use and redevelop site to highest density allowable under R3 zoning. Currently 4 x 2 bedroom units, 1 x 1 bedroom unit - each with insuite laundry, 4 pce. baths, exterior decks and separate utilities with individual furnaces, hot water tanks and electrical meters. 64' x 24', four-bay garage with central workshop and paved parking for an 12 additional vehicles. Fully rented with very long term tenants at below-market rents. Located on a quiet street, one block North of the downtown core and one block South of River Drive, just a short walk to all Devon amenities. 15 minutes to Edmonton International Airport, 20 minutes to South Edmonton.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex
# Units:
5
Tot Pkg Spaces:
12
# Storeys:
1.0
Year built:
1957 (Age: 64)
Total Floor Area:
3,897 sq. ft.
Lot Area:
33,368.12 sq. ft.
Land Use/Zoning:
R3
Lot Depth:
140'
Lot Frontage:
240'
Heating Source:
Natural Gas
Plan:
720HW
Title to Land:
Fee Simple
Section 1:
2
LINC Number:
0011183969
Airport Nearby, Corner Site, Golf Nearby, Landscaped, No Fence, Shopping Nearby, Back Lane, Highway Access, Low Maintenance Landscape
Appliances Included, Shared Yard, Parking-Visitor, See Remarks, Crawl Space, Deck, Laundry-In-Suite, Parking-Extra
None Known
Units Include:
Fridge, Hoodfan, Stove, Washer / Dryer
Services Connected:
Electricity, Fully Serviced, Lane, Lane Gravel, Natural Gas, Sanitary Sewer, Street Lighting, Sidewalk, City Water
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Reports Avail:
Floor Plans
Num. of Parcels:
1
Cap Rate %:
3.3
Gross Operating Income:
$47,690
Other Income:
$0
Effective Gross Income:
$47,690
Net Operating Income:
$23,239
Total Oper. Expenses:
$24,451
Tot Expenses:
$24,451
Days on System:
59
Entry date:
Apr 14, 2021
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Data was last updated June 12, 2021 at 04:30 AM (UTC)
JAMIE HUBICK
Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.