Tremendous investment opportunity for investors in community of Elmwood park with lot of new infills and family friendly neighbourhood. This lot is 33ft x 150ft lot and you can build a front and back duplex with a legal basement suite + garden suite and take advantage of CMHC MLI program 5% down payment on a 5-unit building. Duplexes floor plans are already in place . These properties can create great cash flow if you rent a garden suite $2500/month, duplex 3 beds -$2450/month X2 and basement suite - $1300/month with income of 120K yearly. New units will have low maintenance cost. Buyer avoids demo, disposal, and potential asbestos costs. (id:36938)
MLS® Number | E4384168 |
Property Type | Vacant Land |
Neigbourhood | Elmwood Park |
Features | See Remarks |
Stories Total | 2 |
Type | No Building |
Acreage | No |
Size Irregular | 460 |
Size Total | 460 M2 |
Size Total Text | 460 M2 |
https://www.realtor.ca/real-estate/26807609/12344-80st-nw-edmonton-elmwood-park
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