This 4plex in Mundare presents a rare opportunity, ideal for various investment approaches. It offers the option to be purchased alongside its neighboring 4plex, doubling your income potential. Exceptional maintenance include roof and structural repairs in 2022, and specific unit upgrades such as new refrigerators, fresh paint, new microwaves/range hoods, new kitchen faucets, new bedroom flooring, and new stoves. The revenue mix consists of three 2-bedroom units renting at $875 each and a 1-bedroom unit at $775. The property is professionally managed with tenants covering power costs. Whether you're looking to reside in one unit and rent the rest or use it entirely as an income property, both scenarios are viable. With ample and RV parking available, and situated on a spacious lot near schools and parks, this is an investment you won't want to miss.
Property Type:
Single Family
Dwelling Type:
4Plex
Home Style:
Bi-Level
Total Floor Area:
2,190.47 sq. ft.203.5 m2
Price Per SqFt:
180.28
Finished Levels:
2.0
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Lot Shape:
Rectangular
Front Exposure:
West
Grade Level Entry:
No
Total Rooms Above Grade:
7
Year built:
1979
(Age: 44)
Bedrooms:
7
(Above Grd: 4)
Bathrooms:
4.0
(Full:4, Half:0)
Plan:
7723040
Heating:
Baseboard, Hot Water
Heating Source:
Natural Gas
Construction:
Wood Frame
Foundation:
Concrete
Basement:
Full
Basement:
Full, Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Ceramic Tile
Fireplace:
No
Parking:
On Street, Rv Parking, Stall, See Remarks
Parking Total/Covered:
12 /
-
Road Access:
Paved
Exterior Finish:
Vinyl
Floor
Type
Size
Other
Main
Master Bedroom
00 × 00
-
Main
Bedroom
00 × 00
-
Basement
Bedroom
00 × 00
-
Basement
Bedroom
00 × 00
-
Main
Living Room
00 × 00
-
Main
Dining Room
00 × 00
-
Main
Kitchen
00 × 00
-
Main
Bedroom
00 × 00
-
Main
Bedroom
00 × 00
-
Basement
Bedroom
00 × 00
-
Floor
Ensuite
Pieces
Other
-
-
4
-
-
4
-
-
4
-
-
4
Laundry-Common
Mundare
Mundare
Back Lane, Commercial, Corner Lot, Golf Nearby, Low Maintenance Landscape, Picnic Area, Playground Nearby, Schools, Shopping Nearby, See Remarks
Data was last updated September 25, 2023 at 02:30 AM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$89,000
Min list price:
$19,900
Max list price:
$569,900
Avg days on market:
121
Min days on market:
11
Max days on market:
563
Avg price per sq.ft.:
$211.62
These statistics are generated based on the current listing's property type
and located in
Mundare. Average values are
derived using median calculations.
Copyright 2023 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.