8146 78 AV NW

About this home

Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex. (id:66966)

Details

Type

Detached

Size

1255 sq ft

Basement

Finished, Full

Garage

Garage

Neighbourhood

King Edward Park

Municipality

Edmonton

Interior

Fireplace

No

Appliances

Washer, Refrigerator, Stove, Dryer

Heating, cooling and services

Heating

Forced air

Building and exterior

Year built

1950

Parking

Driveway and parking

Detached Garage

Rooms

Location

Location is approximate. See nearby homes on the map