RARE UNIVERSITY AREA 4PLEX with current rents totaling $4699 (net $3417 which includes utilities except power) and a CAP of 4.5% with ability to easily exceed 6% as they are below market rents (ready for lease renewals and increases!). There are one 2 bedroom unit, and three 1 bedroom units. The main floor is a 2 bedroom unit, the 2nd story above it and the basement underneath are 1 bedroom units with the utility room, and then the back has a 2-story 1 bedroom unit. All units have their own laundry and separate entry. Located a few houses off of 109 Street, transit could not be any easier and the tenants are a 5-10 minute walk from the U of A, groceries, and of course all of the restaurants and shops of Whyte Avenue. Don't miss out on this prime investment opportunity!
Property Type:
Single Family
Dwelling Type:
Quadruplex
Home Style:
2 Storey
Total Floor Area:
2,306.08 sq. ft.214 m2
Price Per SqFt:
$325.23
Total area above grade.:
2,306 sq. ft.214.24 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Area:
4,353.57 sq. ft.404 m2
Lot Shape:
Rectangular
Grade Level Entry:
No
Levels:
3
Exposure / Faces:
East
Year built:
1945
(Age: 80)
Bedrooms:
5
(Above Grd: 4)
Bathrooms:
4.0
(Full:4/Half:0)
Total Rooms Above Grade:
10
Plan:
4400R
Building Type:
4PLEX
Construction:
Wood, Vinyl
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Linoleum
Heating:
Forced Air-1, Natural Gas
Parking:
2 Outdoor Stalls, Stall
Garage:
No
Ensuite:
No
Off Street Parking, Detectors Smoke, No Smoking Home
Queen Alexandra
Back Lane, Flat Site, Park/Reserve, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Off Street Parking, Detectors Smoke, No Smoking Home
Back Lane, Flat Site, Park/Reserve, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Dryer, Refrigerator, Stove-Electric, Washer, See Remarks, Dryer-Two, Refrigerators-Two, Stoves-Two, Washers-Two
Data was last updated July 31, 2025 at 05:30 PM (UTC)
Area Statistics
Listings on market:
145
Avg list price:
$749,000
Min list price:
$305,000
Max list price:
$2,890,000
Avg days in system:
38
Min days in system:
1
Max days in system:
358
Avg price per sq.ft.:
$468.06
These statistics are generated based on the current listing's property type
and located in
Zone 15. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data last updated on July 31, 2025 at 05:30 PM (UTC).
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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.