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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 with 15 year workmanship warranty certificate, 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. (id:55690)
| Bathroom Total | 7 | Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 2 | Bedrooms Total | 7 |
| Appliances | Dishwasher, Stove | Basement Development | Finished |
| Basement Type | Full (finished) | Constructed Date | 1953 |
| Construction Material | Wood Frame | Construction Style Attachment | Detached |
| Cooling Type | None | Exterior Finish | Vinyl Siding |
| Flooring Type | Hardwood, Tile, Vinyl Plank | Foundation Type | Poured Concrete |
| Heating Type | Forced Air | Stories Total | 2 |
| Size Interior | 1612 Sqft | Total Finished Area | 1612.33 Sqft |
| Type | House |
| Detached Garage | 1 |
| Acreage | No | Fence Type | Partially Fenced |
| Land Amenities | Schools, Shopping | Size Frontage | 15.1 M |
| Size Irregular | 598.29 | Size Total | 598.29 M2|4,051 - 7,250 Sqft |
| Size Total Text | 598.29 M2|4,051 - 7,250 Sqft | Zoning Description | Rs |
| Level | Type | Dimensions |
|---|---|---|
| Second Level | Primary Bedroom | 12.08 Ft x 23.25 Ft |
| Second Level | Bedroom | 18.75 Ft x 8.38 Ft |
| Second Level | Bedroom | 8.92 Ft x 7.75 Ft |
| Second Level | 3pc Bathroom | 5.33 Ft x 6.00 Ft |
| Second Level | 3pc Bathroom | 5.33 Ft x 6.00 Ft |
| Second Level | 3pc Bathroom | 8.92 Ft x 4.00 Ft |
| Basement | Bedroom | 11.50 Ft x 21.75 Ft |
| Basement | 3pc Bathroom | 6.33 Ft x 7.42 Ft |
| Basement | Bedroom | 12.00 Ft x 15.00 Ft |
| Basement | 3pc Bathroom | 10.83 Ft x 6.33 Ft |
| Main Level | Bedroom | 12.08 Ft x 23.25 Ft |
| Main Level | 3pc Bathroom | 4.08 Ft x 10.58 Ft |
| Main Level | Bedroom | 9.50 Ft x 11.83 Ft |
| Main Level | 3pc Bathroom | 7.00 Ft x 6.50 Ft |
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