Office Listings

Courtesy of Bill Reid of Homes & Gardens Real Estate Limited

9412-9430 83 Street
Zone 18 Edmonton T6C 2Z7

$2,600,000
Multi-Family Commercial

Main Photo: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 1: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 2: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 3: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 4: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 5: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 6: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 7: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 8: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 9: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Photo 10: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4206092
Build. Type:
See Private Remarks
One of the best development sites in the city. Approximately 30,000 sq ft of vacant land that developers may envision a large RA9/RA8 6 storey midrise apartment/condo building, or a smaller scale RA7 townhouse style project!!!! Valued at a very reasonable ~$85.00/sq foot (similar land projects currently priced/sold $130-140/sqft) - located on a quiet tree lined street, yet less than 400m (or a 90 second walk!!) from new LRT stop on the Valley line LRT. Approximately 30,000 square feet of land - the combination of 4 lots ( each lot is ~58' wide x ~140' deep - 4 titles). Potential for JV of 100 unit (2bdr/2bath) building which would have a value of ~$30M, and a build price of ~$15M. BUILDER/DEVEOPER COULD ALSO BUILD (9 SKINNY HOMES) OR (10 -1/2 DUPLEXES)!!!
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
See Remarks
Building Type:
See Private Remarks
# Units:
120
Tot Pkg Spaces:
70
# Storeys:
6.0
Year built:
2020 (Age: 1)
Total Floor Area:
1.61 acre(s)
Lot Area:
29,062.56 sq. ft.
Land Use/Zoning:
dc2
Lot Depth:
150'
Lot Frontage:
230'
Plan:
5112HW
Title to Land:
Fee Simple
LINC Number:
3333300821
Num. of Parcels:
1
Cap Rate %:
5.3
Gross Operating Income:
$72,000
Other Income:
$1,000
Effective Gross Income:
$73,000
Net Operating Income:
$51,214
Total Oper. Expenses:
$15,478
Tot Expenses:
$23,154
Entry date:
Jul 15, 2020
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  • Photo 9: 9412-9430 83 Street in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4206092
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Data was last updated September 27, 2021 at 04:30 AM (UTC)
Jessica Eagleson
Cell: 780-218-7730
Beds (Min)
Any
1
2
3
4
5
Baths (Min)
Any
1
2
3
4
5
Priced between $ & $
Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.