10948 75 Avenue NW, Edmonton, AB, T6G 0G9

MLS® # A2314975

House For Sale In McKernan, Edmonton, Alberta

$799,900 QuickQuote^TM: $754K - $954K

5+2 Beds

7 Baths

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10948 75 Avenue NW, Edmonton, AB, T6G 0G9

$799,900

7 Beds

7 Baths

Property Information:

Rare opportunity to acquire a fully licensed, turn-key 7-bedroom, 7-bathroom lodging house in the premier neighborhood of McKernan, just steps from the University of Alberta. Operating under a valid Development Permit (DP), Building Permit (BP), and Business Licence (BL), this property offers a rare, fully legalized single-professional/student housing setup in one of Edmonton’s most high-demand rental corridors.Situated on a substantial 49.5’ x 130’ lot (approx. 600 sqm), this solid 2-storey home features a highly functional layout tailored for legalized shared accommodation, boasting 7 bedrooms and 7 full bathrooms (including 5 ensuites). Its unbeatable location is within easy walking distance to both the McKernan/Belgravia and U of A LRT stations, providing top-tier transit accessibility that ensures a consistent stream of tenant demand.The property offers outstanding operational reliability, with all major building systems meticulously upgraded over the years to ensure top-tier safety and structural peace of mind. Recent premium improvements feature a brand-new roof with 15 year workmanship warranty certificate, interconnected smoke/CO detectors throughout, and newly upgraded basement egress windows with fresh window wells. Mechanically superior and carefully maintained, the home is further enhanced by vinyl windows, upgraded PEX plumbing lines, a 100-amp electrical service, and a newer furnace and hot water tank (2024).Representing an exceptional, high-yield cash cow generating approximately $5,000 CAD in total monthly gross rental income, this premium property offers stable, immediate revenue with zero deferred maintenance. Combined with significant underlying land value and future high-density redevelopment potential, it is a bulletproof investment in a prime inner-city location.

Inclusions: N/A

Building Features:

Total Finished Area: 1612.33 Square Feet

Property Features:

Architectural Style: 2 Storey
Built in: 1953
Construction Materials: Vinyl Siding, Wood Frame
Cooling: None
Exterior Features: Other
Floor Space (approx): 1612.33 Square Feet
Flooring: Hardwood, Tile
Foundation Details: Poured Concrete
Heating: Forced Air
Interior Features: No Animal Home, No Smoking Home, See Remarks
Levels: Two
Lot Size: 6439.00 Square Feet
Parking Features: Single Garage Detached
Roof: Asphalt Shingle
Zoning: RS
No. of Parking Spaces: 4

Courtesy of: First Place Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Approximate value for 7 bed, 7 bath house in this area is:

List Price
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$799,900

List Price

$753,787

$953,907

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Market Price Trends

Single family detached

5.79%

Price change (1 year)

30.08%

Price change (5 years)

All Properties

3.71%

Price change (1 year)

24.56%

Price change (5 years)

Location of 10948 75 Avenue NW, Edmonton, AB, T6G 0G9

Lifestyle
Neighbourhood

Demographic Information of 10948 75 Avenue NW, Edmonton, AB, T6G 0G9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$147,179.97

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.17 %

High school certificate or equivalent

24.79 %

Apprenticeship trade certificate/diploma

3.77 %

College/non-university certificate

11.57 %

University certificate (below bachelor)

1.0 %

University Degree

52.71 %

Commuter

Travel To Work

By Car

69.42 %

By Public Transit

13.33 %

By Walking

9.01 %

By Bicycle

2.56 %

By Other Methods

5.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

20.69 %

Houses

79.31 %

Own Vs. Rent

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Property Information:

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Property Features:

Market Price Trends

Single family detached

All Properties

Location of 10948 75 Avenue NW, Edmonton, AB, T6G 0G9

Demographic Information of 10948 75 Avenue NW, Edmonton, AB, T6G 0G9

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

10948 75 Avenue NW, Edmonton, AB, T6G 0G9

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing