University Buy-and-Hold: 4-Unit Cash Flow Engine Finding an exceptional buy-and-hold asset usually means compromising on location or layout—but this unique side-by-side bi-level duplex delivers both. Located minutes from the University, this cash-flow engine features fully legal basement suites, offering four distinct income streams in a near-zero vacancy market. The bi-level layout is an investor's secret weapon. Main levels offer bright living spaces transitioning to private, elevated balconies. Because of the design, the lower units sit partially above grade, completely eliminating that dark basement feel. Massive, oversized windows flood the legal lower suites with natural light, making them just as inviting as the main floors. With moderate renovations already completed, the heavy lifting is done for a clean, stable asset from day one. The property features a sun-drenched, south-facing backyard and a double detached garage perfect for generating additional parking or storage revenue. (id:46923)
| MLS® Number | E4493129 |
| Property Type | Single Family |
| Neigbourhood | Allendale |
| Amenities Near By | Playground, Public Transit, Schools, Shopping |
| Features | Lane |
| Parking Space Total | 2 |
| Structure | Deck |
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Appliances | See Remarks |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Features | Suite |
| Basement Type | Full (finished) |
| Constructed Date | 1976 |
| Construction Style Attachment | Side By Side |
| Heating Type | Forced Air |
| Size Interior | 1,705 Sqft |
| Type | Duplex |
| Detached Garage |
| Acreage | No |
| Land Amenities | Playground, Public Transit, Schools, Shopping |
| Size Irregular | 530.85 |
| Size Total | 530.85 M2 |
| Size Total Text | 530.85 M2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Family Room | Measurements not available | ||
| Basement | Bedroom 5 | Measurements not available | ||
| Basement | Bedroom 6 | Measurements not available | ||
| Basement | Additional Bedroom | Measurements not available | ||
| Basement | Bedroom | Measurements not available | ||
| Main Level | Living Room | Measurements not available | ||
| Main Level | Dining Room | Measurements not available | ||
| Main Level | Kitchen | Measurements not available | ||
| Main Level | Primary Bedroom | Measurements not available | ||
| Main Level | Bedroom 2 | Measurements not available | ||
| Main Level | Bedroom 3 | Measurements not available | ||
| Main Level | Bedroom 4 | Measurements not available |
https://www.realtor.ca/real-estate/29891335/1072710729-64-av-nw-edmonton-allendale
Contact us for more information
Marcel J. De Moissac
Associate
(780) 406-4000
(780) 406-8787
Ricky D. Hill
Associate
(780) 406-4000
(780) 406-8787