10132/10136 - 87 Avenue NW - Apartments FOR SALE


Edmonton, AB T6E 2P2- South Central
$1,250,000 CAD
587-855-9830
10132/10136 - 87 Avenue NW, Edmonton, AB for Sale
$1,250,000 CAD
Apartments - FOR SALE
1/5
null | Request Cap Rate

10132/10136 - 87 Avenue NW
Edmonton, AB T6E 2P2
South Central


HIGHLIGHTS

  • Turn-Key Development: Current zoning allows for immediate development into a modern 11-unit multi-family rental complex.
  • Scalable Potential: Can be combined with the adjacent 12-unit apartment building also available for sale ( ), to unlock higher density and economies o
  • Stable Holding Income: Generates strong, reliable rental income from day one.

OVERVIEW

In the Old Strathcona Historic neighbourhood, this prime development site spans ± 9,165 square feet and directly faces a local school and park. The property functions as a high-yield holding asset (comprising a fourplex and a single-family home) that offers stable income alongside immediate multi-family development potential. • Turn-Key Development: Current zoning allows for immediate development into a modern 11-unit multi-family rental complex. • Scalable Potential: Can be combined with the adjacent 12-unit apartment building also available for sale to unlock higher density and economies of scale. • Stable Holding Income: Generates strong, reliable rental income from day one.

FOR SALE DETAILS

PRICE

$1,250,000 CAD

PRICE/SF

$136 CAD /SF

# OF UNITS

2

PRICE/UNIT

$625,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old Strathcona Development Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RS

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steven PearsonHughes Commercial Realty GroupMore Info
587-855-9830

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Steven PearsonHughes Commercial Realty GroupMore Info
587-855-9830

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.