Prime Redevelopment Opportunity Near the U of A! Explore the potential of this 42 x 130 ft lot, offering flexibility with Small Scale Residential (RS) zoning. This property allows for various uses, from multi-unit residential to some commercial options. Key features of this property: Strategic Location: Located in a sought-after area with easy access to amenities, Whyte Avenue, and the University of Alberta, which is a factor in rental demand. Rental Income: The property currently earns $2,300/month in rental income on a flexible, month-to-month arrangement. This is a plus, especially while you await your permits.. This is a plus, especially while you waiting for your permits. Development Potential: The lot size and zoning are suitable for various development ideas, such as a multi-suite project or a custom residence with additional income potential. This property is a good option for those looking to build a multi-unit rental or a primary home with a secondary suite. The seller has a drawing for 6-plex.
Property Type:
Single Family
Dwelling Type:
Detached Single Family
Home Style:
1 and Half Storey
Total Floor Area:
1,254.87 sq. ft.117 m2
Price Per SqFt:
$325.93
Total area above grade.:
1,255 sq. ft.116.58 m2
Secondary Suite:
No
Separate Entrance:
Yes
Lot Shape:
Rectangular
Grade Level Entry:
No
Levels:
3
Exposure / Faces:
South
Year built:
1950
(Age: 76)
Bedrooms:
4
(Above Grd: 3)
Bathrooms:
2.0
(Full:2/Half:0)
Total Rooms Above Grade:
3
Plan:
1738HW
Building Type:
Detached Single Family
Construction:
Wood
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Ceramic Tile, Hardwood, See Remarks
Heating:
Forced Air-1, Natural Gas
Parking:
Double Garage Detached
Garage:
Yes
Ensuite:
No
Vaulted Ceiling
Northwest
King Edward Park
Landscaped, Public Transportation
Vaulted Ceiling
Landscaped, Public Transportation
Dryer, Refrigerator, Stove-Electric, Washer
Caveat on Title
Private
Floor
Ensuite
Pieces
Other
Lower Level(s)
No
3
Main
No
4
Seller Rights Reserved:
No
Zone:
Zone 17
Zoning:
Zone 17
Title to Land:
Fee Simple
Legal Lot:
5
Road Access:
Paved
LINC Number:
0014358899
Days On Website:
1 day(s)1 day(s)
The property features a front porch with a wooden deck and railing, complemented by a paved walkway leading to the entrance
The property features a front yard with mature trees and a paved walkway leading to the front entrance
The property features a front yard with a brick pathway leading to the entrance
Data was last updated March 31, 2026 at 05:15 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$506,400
Min list price:
$295,000
Max list price:
$1,749,900
Avg days in system:
28
Min days in system:
1
Max days in system:
657
Avg price per sq.ft.:
$423.35
These statistics are generated based on the current listing's property type
and located in
Zone 17. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
Data last updated on March 31, 2026 at 05:15 AM (UTC).
Copyright 2026 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.