18 Saskatchewan Av

EXCELLENT INVESTMENT LOCATION & OPPORTUNITY steps to the NORTH SASKATCHEWAN RIVER. Featuring a 5 PLEX APARTMENT COMPLEX situated on 240x140 4 MERGED LOTS with room for development. The lots are zoned RF3-MEDIUM DENSITY RESIDENTIAL. The property features 4 2-BEDROOM UNITS & 1 1-BEDROOM UNIT. There is a 24 x 64 OVERSIZED GARAGE with 4 storage garage & 1 walk-in storage & PAVED PARKING for 12 vehicles. EACH UNIT features a KITCHEN, LAUNDRY, BATHROOM, REAR DECK & SEPARATE UTILITIES with individual furnaces, HWT & electrical meters. LONG TERM SENIOR-FOCUSED TENANTS with some tenure of over 20+ years and a WAITLIST for a unit. The building is WELL MAINTAINED and in GREAT CONDITION, the SEWER MAIN LINE was REDONE and UPGRADED in January 2024. Very good opportunity for adding more units to maximize profit or keep how it is currently being operated. Great location on Saskatchewan Avenue close to the River Valley, minutes to Edmonton, EIA & all the amenities. DONT MISS THIS OPPORTUNITY TO OWN THIS INVESTMENT! (id:54626)