18,059 ft²Office / Retail / Multifamily$8,480,000Sale
18,059 ft²
Office / Retail / Multifamily
$8,480,000
Sale
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Excellent opportunity to purchase a mixed-use multifamily and retail investment property in Edmonton. • Professionally managed building • Main floor 5,500 SF (+/-) - Daycare tenant with long-term lease •2nd & 3rd floors have 8 apartments each (10 one-bedroom, 2 two-bedrooms and 4 studio units) • 5,500 SF (+/-) Rooftop area for both commercial and residential use • Fully accessible with 2 elevators • Excellent access to major arterials including 97 Street, Kingsway Road, 111 Avenue, 101 Street and 107 Avenue • Lease information available with a signed NDA
The Space
Asking Price$8,480,000
Available Space18,059 ft²
Suite Number1
Floor1
Property UseInvestment property / Multi family / Retail
Taxes$53,662/yr
ZoningDC1 (Direct Development Control Provision)
Cap Rate5.5%
Year Built2021
Retail Portion5,500 ft²
Passenger Elevators2
SourceDirect
24hr Access
Bike Friendly
Bus Line
Kitchen Facilities
Parking
The Building - Royal 98 Apartments
Property TypeOffice / Retail / Multifamily
Floors3
Building Size18,059 ft²
Lot Size0 ft²
Up to $500K for Alberta businesses
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