Exceptional turnkey investment opportunity! This unique 3-unit property (main house with suite, PLUS recently developed garden suite above detached garage) offers outstanding cash flow and rental unit mix, ideally located just steps from Edmonton's best destinations. The property features a charming bungalow home, a legal walkout basement suite, and a modern laneway home, all on a single, park-facing 50 ft x 120 ft lot with stunning river valley views and a beautifully landscaped yard. Adding to its established rental income, there is room to build two additional suites, making this an even greater investment. And yes, all three units are legal suites with permits. Don’t miss out on this one-of-a-kind property.
Property Type:
Single Family
Dwelling Type:
Detached Single Family
Home Style:
Bungalow
Total Floor Area:
825.28 sq. ft.76.7 m2
Price Per SqFt:
$1,320.76
Total area above grade.:
825 sq. ft.76.67 m2
Finished Area Below Grade:
76.67 sq. ft.7.12 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Area:
4,836.978 sq. ft.449 m2
Lot Shape:
Rectangular
Grade Level Entry:
No
Levels:
2
Exposure / Faces:
North
Year built:
1910
(Age: 115)
Bedrooms:
3
(Above Grd: 2)
Bathrooms:
3.0
(Full:3/Half:0)
Total Rooms Above Grade:
5
Building Type:
Detached Single Family
Construction:
Wood, Brick, Metal
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Hardwood, Vinyl Plank
Heating:
Forced Air-1, Natural Gas
Parking:
Front/Rear Drive Access, Single Garage Detached, See Remarks
Garage:
Yes
Ensuite:
No
Garage Suite:
Yes
Off Street Parking, On Street Parking, Deck, No Smoking Home, Parking-Extra, Patio, Walkout Basement, See Remarks
Riverdale
Back Lane, Fenced, Golf Nearby, Hillside, No Through Road, Park/Reserve, Playground Nearby, Public Transportation, River Valley View, Rolling Land, Schools, Shopping Nearby, Ski Hill Nearby, View Downtown
Off Street Parking, On Street Parking, Deck, No Smoking Home, Parking-Extra, Patio, Walkout Basement, See Remarks
Back Lane, Fenced, Golf Nearby, Hillside, No Through Road, Park/Reserve, Playground Nearby, Public Transportation, River Valley View, Rolling Land, Schools, Shopping Nearby, Ski Hill Nearby, View Downtown
Data was last updated March 6, 2025 at 05:30 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$429,900
Min list price:
$98,800
Max list price:
$1,299,000
Avg days on market:
30
Min days on market:
6
Max days on market:
212
Avg price per sq.ft.:
$387.04
These statistics are generated based on the current listing's property type
and located in
Zone 13. Average values are
derived using median calculations.
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.