11725 97 ST NW Edmonton AB T5G 1Y3 E4392278

11725 97 ST NW, Edmonton, AB, T5G 1Y3
$349,900

Basics

Category Type Date added Added 1 month ago Bedrooms 5 beds
Bathrooms 2 baths Floors 2 floors Year built 1932 Last Updated 2024-06-19T16:55:29.030Z
MLS ID E4392278

Description

  • Description:

    Opportunity knocks!Legally Suited home offers incredible potential as an income-generating property or as a versatile space for a large family. With the legal suite, the property currently generates a robust monthly income of $3,100, providing a solid 7% cap rate. The upstairs unit brings in $1,700 per month, while the downstairs unit adds an additional $1,400. Key updates to the home include a newer furnace, hot water tank, and roof. Setting a strong foundation for any further renovations you might wish to undertake, and making it easier to enhance the living spaces to your taste. Featuring a two-car detached garage, offering ample parking and storage solutions. The potential here is enormous; whether you choose to rent out both units for a substantial income or live in one while renting the other, the financial benefits are clear. This property is ideal for savvy investors looking to capitalize on its income potential or for families seeking a home with additional rental income to offset mortgage costs.

Location

Building Details

  • Architectural Style: Bungalow
  • Parking Features: Double Garage Detached
  • Exterior Features: Back Lane, Fenced, Public Transportation, Schools, Shopping Nearby
  • Flooring: Hardwood, Laminate Flooring, Linoleum
  • Roof:
  • Community Features: Sunroom
  • RoomType: LivingRoom, DiningRoom, Kitchen, MasterBedroom, Bedroom2, Bedroom3, Bedroom4, OtherRoom1, OtherRoom2

Amenities & Features

  • Appliances: Dishwasher-Built-In, Dryer, Washer, Refrigerators-Two, Stoves-Two
  • Heating: Forced Air-1, Natural Gas
  • Amenities:

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Listed by

  • List Agent: Cindy M Dooley
  • List Office Name: Exp Realty
Welcome to Innovative Realty - Best Real Estate Edmonton, your premier source for exceptional properties in AB. Whether you're in search of a luxurious home or a prime commercial space, we are here to assist you. Today, we are excited to present a remarkable style property that is currently listed as a on Real Estate Listings & Houses for Sale - Best Real Estate Edmonton. This extraordinary property offers endless possibilities in in AB.Nestled in one of AB's most sought-after neighborhoods, this property is a true masterpiece. Boasting 5 beds spacious bedrooms, 2 baths luxurious bathrooms, and a sprawling 1173.28 sq ft of living or working space, this property caters to the most discerning individuals. Built in 1932, it combines architectural elegance with modern functionality.Step inside, and you'll be greeted by an ambiance of sophistication and refined craftsmanship. The open layout of this property allows for seamless transitions between different areas, providing flexibility for any residential or commercial endeavor. High ceilings, ample natural light, and exquisite finishes create an atmosphere that is both inviting and inspiring.The versatile nature of this property makes it ideal for a range of purposes. For those seeking a dream home, this property offers all the amenities and comforts one could desire. The well-appointed bedrooms provide a peaceful retreat, while the sumptuous bathrooms offer a spa-like experience. The thoughtfully designed kitchen is a haven for culinary enthusiasts, featuring top-of-the-line appliances and ample counter space.Alternatively, if you're searching for a prime commercial space, this property presents an unparalleled opportunity. The spacious layout and attention to detail make it suitable for various businesses, such as offices, boutique shops, or upscale restaurants. The prestigious address and proximity to [mention nearby business hubs or commercial centers] ensure excellent visibility and accessibility.Beyond the exceptional interior, the outdoor space of this property is equally impressive. The meticulously landscaped grounds create a serene atmosphere and provide a delightful backdrop for gatherings or outdoor relaxation. Whether it's hosting summer soirees, setting up an outdoor seating area, or creating a tranquil garden retreat, the possibilities are endless.Located in the vibrant city of AB, this property offers the best of both worlds. The thriving local community boasts a dynamic blend of residential, commercial, and entertainment opportunities. From world-class dining establishments and high-end shopping to cultural events and outdoor recreational areas, AB has something to offer everyone.At Best Real Estate Edmonton, we understand that finding the perfect property is more than just a transaction; it's about finding a place that aligns with your unique lifestyle and aspirations. Our dedicated team of real estate professionals is committed to assisting you throughout the entire buying or leasing process. With our extensive knowledge of the AB real estate market, we provide tailored solutions to help you achieve your residential or commercial goals.Contact us today to schedule a private viewing of this extraordinary style property. Let us guide you in exploring the potential and endless opportunities that await you in the vibrant city of AB.

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