Property for Sale
Property For Sale In Edmonton
- MLS®#: 44801928
- Price: $589,900
Rare opportunity to own a cash-flowing legal rooming house / Income Property in Ritchie, one of Edmonton's most sought-after central communities. This income property features a ~900 sq ft self-contained 1-bedroom suite plus 8 private rental rooms across two levels. The main suite offers stable, long-term income with a tenant since 2009, while rooms rent for $500-$550/month. Updates include a new roof and 3 fully renovated rooms, creating immediate upside with ready-to-lease inventory. The functional 4-up/4-down layout with two half kitchens and multiple bathrooms is ideal for investors, multigenerational living, or an owner-occupier seeking a mortgage helper. Prime location steps to Whyte Ave, Mill Creek Ravine, transit, schools, and the University area ensures rental demand and long-term growth. Strong income with upside potential.
Contact Caitlin Heine About MLS® 44801928
Caitlin Heine, 1.587.400.SOLD (7653) at Elisse Moreno (REALTORS® with RE/MAX Real Estate), Suite 200, 10835 – 124th Street NW, Edmonton, Alberta, T5M 0H4
property information
- MLS®#: 44801928
Community Information
- City: Edmonton
- Postal Code: T6E 1H8
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