Real Estate Investment: 2 Bedroom Condo in Edmonton - 106 14908 26 ST NW

About This Property

Opportunity knocks! If you’re brave enough to roll up your sleeves this awesome condo is the chance for you to create some serious value. A bit of elbow grease and voila, you have a nice condo with some sweat equity earned for yourself. The spacious layout provides lots of room to be creative. The location is great with easy access to the Henday as well as Park’N’Ride LRT. Come have a look, bring your imagination, and make a move to add some value!

Location: Close to LRT access with park and ride and easy access to manning freeway and henday freeway. Easy access around the city for tenants.

Tenant Profile: This property is great for a working class tenant or even a young couple. Two separate bedrooms make it affordable for room mates as well. Perfect starter apartment.

Buyer’s Expectations: Paint, flooring, cleaning, and you’re ready to rent for cashflow.

Bonus Value: With a quick cosmetic makeover, there is room to add some value in the deal with equity in the purchase.

Condition: Property needs some cosmetic work. Last tenants made a bit of a mess and owner is selling at a discount to account for the work needed.

Features: 

  • Year Built: 1981 
  • 2 Bedroom Condo
  • Floor Space 796 Sqft.
  • 1 Parking Stall

Asking Price $65,000

Initial Cash Required: $22,150

Monthly Cash Flow: $91

Annual ROI: 17%

(10 Year Hold)

  


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