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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%
  • Broker
    Co-op:
    1.5%

Commercial Property For Sale in Edmonton, AB

Newly Renovated 23-Unit Apartment Building in Edmonton

9407 114 Ave, Edmonton, AB T5G 0K5

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
  • 10 one-bedroom suites are renting between $900 & $1,113; 13 bachelor suites between $924 & $1,040
  • Close to a million dollars worth of capital improvements since 2019 making this a turn-key investment opportunity
  • Improvements include full-suite renovation in almost all units, asbestos remediation, boiler and h/w upgrades, graveled parking area, and more. For the extensive list of capital improvements, please refer to the due diligence section
  • The building has an effective age of 20 years
  • Registered with the crime-free multi-housing program

Location:

  • Less than 5 minutes away from Commonwealth Stadium
  • 5 minutes away from NAIT and Kingsway Mall
  • 6 minutes away from Royal Alexandria Hospital
  • Less than 10 minutes away from Edmonton Expo Centre

Downloadable Documents

Property Information

Auction Information

User Access Form

Vault

Property Viewing

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

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:   01 Sep 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
Elina Kayumova Event Manager The Future of Real Estate (FRE) P: (949) 706-6116 E: ekayumova@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:
01 Sep 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%
  • Broker Co-op:
    1.50%
Property Description

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
  • 10 one-bedroom suites are renting between $900 & $1,113; 13 bachelor suites between $924 & $1,040
  • Close to a million dollars worth of capital improvements since 2019 making this a turn-key investment opportunity
  • Improvements include full-suite renovation in almost all units, asbestos remediation, boiler and h/w upgrades, graveled parking area, and more. For the extensive list of capital improvements, please refer to the due diligence section
  • The building has an effective age of 20 years
  • Registered with the crime-free multi-housing program

Location:

  • Less than 5 minutes away from Commonwealth Stadium
  • 5 minutes away from NAIT and Kingsway Mall
  • 6 minutes away from Royal Alexandria Hospital
  • Less than 10 minutes away from Edmonton Expo Centre
Downloadable Documents
User Access Form
Property Viewing

Property Viewing

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
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
Elina Kayumova Event Manager The Future of Real Estate (FRE) P: (949) 706-6116 E: ekayumova@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.