Single Family
Investment Opportunity in Prime Allendale Location! This rental is turnkey! Fantastic suited bungalow with excellent tenants already in place—perfect for investors looking for steady rental income in one of Edmonton’s most sought-after central neighbourhoods. This well-maintained property offers 5 bedrooms total (3 up, 2 down) and two self-contained suites, making it ideal for maximizing rental potential. The home sits at the crossroads of the city, offering exceptional accessibility to the University of Alberta, Whyte Ave, downtown, and major transit routes. Numerous updates have been completed over the years, and the home has been very well cared for by both owners and tenants. A large detached garage with alley access adds extra rental appeal and storage options. Currently generates just shy of 30k with a cap rate of 4.5%. Zoned RF3 for future potential and surrounded by redevelopment—this is a smart long-term hold with great current returns. Don’t miss your chance to invest in Allendale! (id:6769)
Subarea
Allendale
Lot
0
Year Built
1950
| Room | Floor | Dimension |
|---|---|---|
| Bedroom 4 | Basement | 3.76 m X 2.88 m |
| Bedroom 5 | Basement | 3.91 m X 2.81 m |
| Second Kitchen | Basement | 4.3 m X 2.77 m |
| Living room | Main level | 5.46 m X 4.25 m |
| Dining room | Main level | Measurements not available |
| Kitchen | Main level | 3.01 m X 2.49 m |
| Primary Bedroom | Main level | 4 m X 3.54 m |
| Bedroom 2 | Main level | 3.54 m X 2.6 m |
| Bedroom 3 | Main level | 3.26 m X 2.18 m |
Isaac I. Kristensen
(780) 991-8405
Digger Real Estate Inc.
(780) 454-7700
The property information on this website is derived from the Canadian Real Estate Association''s Data Distribution Facility (DDF®). DDF® references real estate listings held by various brokerage firms and franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Listing data last updated date: 2025-11-02 01:11:35
