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8269 29 Av Nw

29 Ave NWMill Woods and MeadowsEdmontonAB, T6K 3J9

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Beds
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Baths
24,983
Sq. Ft.
$3,960,000
List Price
8269 29 Av Nw, Edmonton, AB - 1 of 3
8269 29 Av Nw, Edmonton, AB - 2 of 3
8269 29 Av Nw, Edmonton, AB - 3 of 3
84 days on market

Quick Summary

  • Spacious 1044 sq.ft townhome units
  • Mixture of 17 two-story and 7 bungalow units
  • All units have 3 bedrooms
  • Rents can be increased to $1,300 on average
  • Stabilized cap rate of 5.41% at market rents
  • Exterior has been completely updated
  • Professionally managed with low condo fees
  • Conveniently located near schools, parks, transit

What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased... Show More

What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please. (id:54626)

Property Details

Size

24,983 sq. ft.
0 Beds
0 Baths

Parking

24 Parking Spaces
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Build

Year Built
1977
Model Name
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Basement
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Exterior
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Foundation
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Builder Name
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Stories
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Flooring
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Roof
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Source

Listing Brokerage

MLS® Listing
E4403094
Last Updated
August 22, 2024
Brokerage
RE/MAX Real Estate
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