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Courtesy of Digger Real Estate Inc..
Data was last updated 2025-06-25 at 20:18:11 GMT
Investment Opportunity in Prime Allendale Location! This rental is turnkey! Fantastic suited bungalow with excellent tenants already in place?perfect for investors looking for steady rental income in one of Edmonton?s most sought-after central neighbourhoods. This well-maintained property offers 5 bedrooms total (3 up, 2 down) and two self-contained suites, making it ideal for maximizing rental potential. The home sits at the crossroads of the city, offering exceptional accessibility to the University of Alberta, Whyte Ave, downtown, and major transit routes. Numerous updates have been completed over the years, and the home has been very well cared for by both owners and tenants. A large detached garage with alley access adds extra rental appeal and storage options. Currently generates just shy of 30k with a cap rate of 4.5%. Zoned RF3 for future potential and surrounded by redevelopment?this is a smart long-term hold with great current returns. Don?t miss your chance to invest in Allendale!
Listing Information
- Prop. Type:
- Detached Single Family
- Property Style:
- Bungalow
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4461028
- Bedrooms:
- 5
- Neighbourhood:
- Allendale
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $600,000
General Information
- Year Built:
- 1950
- Total Square Feet:
- 1004ft2
Additional Information
- Basement Dev:
- Full, Finished
- Parking:
- Double Garage Detached
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This property is listed by Digger Real Estate Inc. and provided here courtesy of
Kyle Rossiter.
For more information or to schedule a viewing please contact Kyle Rossiter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.