Francis Fan, your local Edmonton REALTOR®

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Courtesy of David G Parker of Northfield Commercial

9219 111 Avenue
Zone 13 Edmonton T5G 0A2

$2,310,000
Multi-Family Commercial

Main Photo: 9219 111 Avenue in Edmonton: Zone 13 Multi-Family Commercial for sale : MLS®# E4267335
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Status:
Pending
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4267335
Build. Type:
Walk Up
Vinton Building has easy access to transit and is a short distance away from the Commonwealth Stadium, Rogers Place, Kingsway Mall, and Downtown. It is a three storey, steel and concrete block construction building with balconies. It was built in 1977. There are 30 parking stalls in an underground Parkade and 11 surface parking stalls. There are approximately 7,300 square feet of main floor retail space that is leased to various businesses, and 20 apartment suites on the second and third floors. The suite mix is 4 bachelor suites, 12 one-bedroom suites and 4 two-bedroom suites. The boiler is original and recent upgrades include a new back-flow preventer, new hot water tank and $30,000 spent on balconies in the last three years. Features also include 24 inch stoves, 12 cubic foot fridges , and a sprinkler system in the Parkade. Washer and dryers are owner owed. 2020 New Commercial Roof & New Terrace Floor $58,000, 4 New Awning Signs $17,000. Over $100,000 in major renovations within the last 5 years.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Concrete, Steel Frame
Building Type:
Walk Up
# Units:
20
Tot Pkg Spaces:
30
# Storeys:
3.0
Year built:
1977 (Age: 45)
Total Floor Area:
13,250 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
CMX
Plan:
3195HW
Title to Land:
Fee Simple
LINC Number:
0010354744
Possession Date:
Dec 20, 2021
Num. of Parcels:
1
Cap Rate %:
5.7
Gross Operating Income:
$262,987
Other Income:
$0
Effective Gross Income:
$262,987
Net Operating Income:
$132,477
Total Oper. Expenses:
$130,510
Tot Expenses:
$130,510
Entry date:
Oct 22, 2021
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Data was last updated January 23, 2022 at 06:30 PM (UTC)
FRANCIS FAN
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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