This meticulously maintained, 12-unit apartment building in the heart of Old Strathcona is offered by its original owner-builder for the first time. The property combines immediate stability and recent updates with clear rental revenue upside. Additionally, it offers incredible strategic value for developers and growth-oriented investors, as it can be purchased alongside the adjacent development lots for a larger project.
Perfect Location: Right across from a park and school in a great neighbourhood.
Room to Grow Income: You can increase the current rents to match today’s market rates.
Great Shape: Very well-maintained, with some apartments recently renovated.
Quality Build: The building has double drywall, which means better fire safety and less noise between apartments.
Bonus Potential: If you want to expand, this property can be bought and combined with the empty development lots right next door.