1/1710052 152 Street NW, Edmonton
10052 152 Street NW, Edmonton, AB T5P1X8
$1.0M total
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Asset Class
Multifamily
Size
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Building class
A
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
89%
Year Built
1965
Lot Size
0.2541648484848485 ac
About this property
The Alps is a Tudor style character building located in West Jasper Place in Edmonton. The well maintained building offers a strong sense of community withthe current tenants, avg. rents of only $919 offer upside to a new buyer. This 9-unit building consists of all one-bedroom units, approx. 650 sq ft. The amenity rich area iseasily walkable and on west LRT line. Current landlord policies are no pets, no smoking and adult only, creating a peaceful and allergy friendly living environment.Capital Improvements:• Windows (2010)• How Water Tank (2016)• Roof, eves, fence (2020)• New boiler pump (2024)Parking: gravel parking lot, 9 poweredtenant stalls plus visitor parking in lotand on street.Laundry: 2 sets, washer/dryers (leasedwith coinamatic. Contract can becancelled)This area has a specific rezoning by the City of Edmonton allowing for redevelopment up to 6 stories. Great cash flowing property. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$36K
Annual cash flow
$-22K
Cash-on-cash
-6.98%
DSCR
0.62
Going-in cap
3.45%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
45,556
Households
21,307
Median income
$120,500
Median age
36.6
Daytime population
61,960
5-yr growth
2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 10052 152 Street NW, Edmonton.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.