Forgot password Extend Verify Contact
Courtesy of Moe Charara and Ray Elwenni of Royal Lepage Arteam Realty

8303 87 Street
Zone 18 Edmonton T6C 1B1

$4,750,000
Multi-Family Commercial

Main Photo: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 1: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 2: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 3: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 4: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 5: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 6: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 7: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 8: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 9: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 10: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 11: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 12: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 13: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 14: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 15: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 16: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 17: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 18: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 19: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 20: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 21: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 22: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 23: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Photo 24: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4397947
Build. Type:
Multi Tenant/Multi Plex
ATTENTION INVESTORS!!! - Extremely Rare & an Exceptional Opportunity to purchase this 7plex that includes 7 legal basement suites (14 units) in the highly sought after community of Bonnie Doon, ranked one of Edmontons best infill communities. This property is located 1 block from Whyte Avenue, a future LRT station, Bonnie Doon Mall which offers plenty of amenities. This rare 14 unit complex is the perfect addition to any portfolio with near zero vacancy & million dollar homes on every street, this property is perfect for the CMHC MLI SELECT PROGRAM. Architecturally designed & includes 28 bedrooms, 16 bathrooms with a unit mix of 3 bedroom/2.5 storey main floor units & 1 bedroom legal basements suites. The property also includes 7 single detached garages to add to your revenues which have been projected to be in the range of $260,000 annually. This property comes fully finished, includes all appliances, designed to perfection and is steps to the ravine, walking trails & a 10 min drive to the City's core.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex, See Private Remarks, Townhouse
# Bldgs:
2
# Units:
14
Tot Pkg Spaces:
7
# Storeys:
3.0
Year built:
2024 (Age: 0)
Total Floor Area:
5,241 sq. ft.
Lot Area:
0 sq. ft.
Plan:
1922057
Title to Land:
Freehold
LINC Number:
0038374055
Corner Site, Flat Site, Golf Nearby, Level Land, Landscaped, Playground Nearby, Shopping Nearby, Public Transportation, Back Lane, Low Maintenance Landscape, Public Swimming Pool, Schools, See Remarks
Num. of Parcels:
1
Cap Rate %:
5.4
Gross Operating Income:
$319,200
Other Income:
$0
Effective Gross Income:
$319,200
Net Operating Income:
$258,240
Total Oper. Expenses:
$60,960
Tot Expenses:
$0
Days On Website:
91 day(s)
  • Photo 1: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 1 of 24
  • Photo 2: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 2 of 24
  • Photo 3: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 3 of 24
  • Photo 4: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 4 of 24
  • Photo 5: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 5 of 24
  • Photo 6: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 6 of 24
  • Photo 7: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 7 of 24
  • Photo 8: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 8 of 24
  • Photo 9: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 9 of 24
  • Photo 10: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 10 of 24
  • Photo 11: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 11 of 24
  • Photo 12: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 12 of 24
  • Photo 13: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 13 of 24
  • Photo 14: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 14 of 24
  • Photo 15: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 15 of 24
  • Photo 16: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 16 of 24
  • Photo 17: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 17 of 24
  • Photo 18: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 18 of 24
  • Photo 19: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 19 of 24
  • Photo 20: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 20 of 24
  • Photo 21: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 21 of 24
  • Photo 22: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 22 of 24
  • Photo 23: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 23 of 24
  • Photo 24: 8303 87 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4397947
    Photo 24 of 24

Virtual Tour

Data was last updated October 16, 2024 at 12:30 AM (UTC)
Copyright 2024 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.