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About the Listing E162500 - E017726,E0246853
Rare opportunity to own a fully licensed 7-bedroom, 7-bathroom lodging house in sought-after McKernan, just steps from the University of Alberta. Operating with valid Development, Building, and Business permits, this turn-key property offers a rare legalized student/professional housing setup in one of Edmonton’s strongest rental markets. Situated on a 49.5' x 130' lot (approx. 600 sqm), the 2-storey home features 7 bedrooms, 7 full baths, including 5 ensuites. Walking distance to the U of A and McKernan/Belgravia LRT stations ensures consistent tenant demand. Major upgrades include a new roof with 15-year workmanship warranty, interconnected smoke/CO detectors, upgraded basement egress windows, vinyl windows, PEX plumbing, 100-amp service, newer furnace, and 2024 hot water tank. Generating approximately $5,000/month in gross rental income, this high-yield investment also offers significant future redevelopment potential.
Interior Details
- Bedrooms: 7
- Bathrooms: 7 Full
- Appliances: Dishwasher-Built-In, Dryer, Refrigerator, Stove-Electric, Washer
- Air Cond:
- Heating: Forced Air-1,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Finished
- Other: ensuite bathroom
- Water:
Exterior Details
- Lot Description: Back Lane,Flat Site,Public Swimming Pool,Public Transportation,Schools,Shopping Nearby,Partially Fenced
- Garage Capacity: 1 car
- Roof: Asphalt Shingles
- Others: Back Lane,Flat Site,Public Swimming Pool,Public Transportation,Schools,Shopping Nearby,Partially Fenced,Carbon Monoxide Detectors,Detectors Smoke
- Sewer:
- Parking Features: Single Garage Detached
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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10948 75 Ave NW Edmonton, AB T6G 0G9
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