For Sale: 10948 75 Avenue NW, Edmonton, AB - REW
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$799,900
7 bd • 7 ba • 1613 sf • House
10948 75 Avenue NW
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$799,900
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10948 75th Avenue NWEdmonton, AB, T6G 0G9

Mckernan
  • 7 Bed
  • 7 Bath
  • 1613 Sqft
  • House

About this home

Rare opportunity to acquire a fully licensed, turn-key 7-bedroom, 7-bathroom lodging house in the premier neighborhood of McKernan, just steps from the University of Alberta. Operating under a valid Development Permit (DP), Building Permit (BP), and Business Licence (BL), this property offers a rare, fully legalized single-professional/student housing setup in one of Edmonton’s most high-demand rental corridors. Situated on a substantial 49.5’ x 130’ lot (approx. 600 sqm), this solid 2-storey home features a highly functional layout tailored for legalized shared accommodation, boasting 7 bedrooms and 7 full bathrooms (including 5 ensuites). Its unbeatable location is within easy walking distance to both the McKernan/Belgravia and U of A LRT stations, providing top-tier transit accessibility that ensures a consistent stream of tenant demand. The property offers outstanding operational reliability, with all major building systems meticulously upgraded over the years to ensure top-tier safety and structural peace of mind. Recent premium improvements feature a brand-new roof, interconnected smoke/CO detectors throughout, and newly upgraded basement egress windows with fresh window wells. Mechanically superior and carefully maintained, the home is further enhanced by vinyl windows, upgraded PEX plumbing lines, a 100-amp electrical service, and a newer furnace and hot water tank (2024). Representing an exceptional, high-yield cash cow generating approximately $5,000 CAD in total monthly gross rental income, this premium property offers stable, immediate revenue with zero deferred maintenance. Combined with significant underlying land value and future high-density redevelopment potential, it is a bulletproof investment in a prime inner-city location.
Listed by: Fang Wang, First Place Realty

Home facts and features

Price details
List Price
$799,900
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Home facts
Bedrooms
7
Full Bathrooms
7
Parking Spaces
1
Property Type
House
Lot Size
6534 ft²
Frontage
49.54 ft
Year Built
Built in 1953 (73 yrs old)
Style
2 Storey
Heating Type
Forced Air
Basement Details
Full
Features
Back Lane, In Basement, Level, No Animal Home, No Smoking Home, Other, Rectangular Lot, Schools Nearby, See Remarks, Vinyl Windows
Amenities
Shopping Nearby
Appliances
Dishwasher, Stove
Community
Agent details
Primary Agent
Primary Broker
First Place Realty
Listing details
Days on REW
8 Days
MLS® Number
A2314975
Source
Pillar 9
Board
Calgary Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Queen Alexandra School
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Parkallen School
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Strathcona School
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Belgravia School
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Garneau School
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Old Scona School
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Allendale School
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Albaqir Academy
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McKernan School
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Our Lady Of Mount Carmel School
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Call Agent
Fang Wang
Phone:
403-247-7770
Office:
403-547-8401
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