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Newly Renovated 23-Unit Apartment Building in Edmonton

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  • Edmonton, AB
    Canada
  • Auction #376-1
    Commercial Property
  • Interior Space:
    ± 7,920 SF
  • Transaction Fee:
    5%

Commercial Property For Sale in Edmonton, AB

Newly Renovated 23-Unit Apartment Building in Edmonton

9407 114 Ave, Edmonton, AB T5G 0K5

*** FINAL BIDS DUE BY JUNE 30th! ***

RE/MAX Commercial Auctions is pleased to present the Online Auction Plus Event (ALLOWS FOR CONTINGENCIES) for a 23-unit apartment building in Edmonton, AB.

Virtual Tour Link

Property Highlights:

  • Mix of one-bedroom and bachelor suites
  • Close proximity to NAIT, the Royal Alexandria Mall, and Kingsway Mall
  • One million dollars worth of capital improvements since 2019
  • Renovations included full-suite renovation in almost all units, asbestos remediation, boiler and h/w upgrades, graveled parking area
  • Cap Rate based on Previously List Price: 5.9%
  • Current NOI: $206,500
  • Extensively renovated in 2019
  • One-bedroom suites are renting between $900 & $1,113, bachelor suites between $800 & $1,200
  • Downloadable Documents

    Property Information

    Auction Information

    User Access Form

    Vault

    Viewing Schedule

    If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

    If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

    Start Temporary Access Agreement

    The dates below are currently set for public viewing:

    Day Date Time Comments
    Saturday Jun. 25 03:00 pm to 06:00 pm
    Tuesday Jun. 28 12:00 pm to 05:00 pm

    Financing

    This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

    For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

    Broker of Record for this property: RE/MAX Excellence

    All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

    Contingencies may be included with your bid

    BID DEADLINE:   30 Jun 5:00 pm MDT
    Starting Bid: CAD $1,995,000
    Previous List Price:CAD $3,499,999
    Required bid deposit: CAD $1,000
    days
    hours
    mins
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    Auction Ended
    Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
    Craig Hummel Property Representative RE/MAX Excellence P: (780) 504-2379 E: craig@soldtodayedmonton.ca https://rmc.fre.com
    Colin Ewanchyshyn Property Representative RE/MAX Excellence P: (780) 909-3446 E: colin@commercialyeg.ca https://rmc.fre.com
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    Commercial Property For Sale in Edmonton, AB
    Newly Renovated 23-Unit Apartment Building in Edmonton
    9407 114 Ave
    Edmonton, AB T5G 0K5
    Canada
    Auction # 376-1

    Contingencies may be included with your bid

    Bid Deadline:
    30 Jun 5:00 pm MDT
    Starting Bid
    CAD $1,995,000
    Previous List Price
    CAD $3,499,999
    Required bid deposit
    CAD $1,000
    • Edmonton, AB
      Canada
    • Property Type:
      Commercial Property
    • Interior Space:
      ± 7,920 SF
    • Transaction Fee:
      5%
    Property Description

    *** FINAL BIDS DUE BY JUNE 30th! ***

    RE/MAX Commercial Auctions is pleased to present the Online Auction Plus Event (ALLOWS FOR CONTINGENCIES) for a 23-unit apartment building in Edmonton, AB.

    Virtual Tour Link

    Property Highlights:

    • Mix of one-bedroom and bachelor suites
    • Close proximity to NAIT, the Royal Alexandria Mall, and Kingsway Mall
    • One million dollars worth of capital improvements since 2019
    • Renovations included full-suite renovation in almost all units, asbestos remediation, boiler and h/w upgrades, graveled parking area
    • Cap Rate based on Previously List Price: 5.9%
    • Current NOI: $206,500
    • Extensively renovated in 2019
    • One-bedroom suites are renting between $900 & $1,113, bachelor suites between $800 & $1,200
    • Downloadable Documents
      User Access Form
      Property Viewing

      Viewing Schedule

      If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

      If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

      Start Temporary Access Agreement

      The dates below are currently set for public viewing:

      Day Date Time Comments
      Saturday Jun. 25 03:00 pm to 06:00 pm
      Tuesday Jun. 28 12:00 pm to 05:00 pm
      Financing

      Financing

      This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

      For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

      Contact Us
      Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
      Craig Hummel Property Representative RE/MAX Excellence P: (780) 504-2379 E: craig@soldtodayedmonton.ca https://rmc.fre.com
      Colin Ewanchyshyn Property Representative RE/MAX Excellence P: (780) 909-3446 E: colin@commercialyeg.ca https://rmc.fre.com
      Broker of Record for this property: RE/MAX Excellence

      All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.