Fantastic investment opportunity in Eastwood! This well-maintained 4-plex offers four self-contained two-storey units, each over 1,100 sqft. (4500 total building) plus a full undeveloped basement. Registered as a condominium (Units 1–4). Each unit features 3 bedrooms, a spacious living room, dining area with patio access, kitchen with ample cabinetry, a 2-piece main bath, and a 4-piece bath. Total of 12 bedrooms, 4 full baths, and 4 half baths. Fully landscaped with 6 parking stalls and conveniently located near public transit and downtown Edmonton. Current rental income is approx. $1,450/month per unit, excluding utilities. Excellent revenue potential—must see! Majority of the units have been renovated. Large plot of land at 7000 sqft making this a potential hold and develop property. Gross income is $69,600 per year with a 5.5%-6% cap rate. All leases in place till end of 2026.
Address
8216-8222 120 AV NW
List Price
$799,800
Property Type
Residential
Type of Dwelling
Quadruplex
Style of Home
2 Storey
Transaction Type
Sale
Area
Edmonton
Sub-Area
Eastwood
Bedrooms
3
Bathrooms
2
Half Bathrooms
1
Floor Area
4,506 Sq. Ft.
Lot Size
2497.66 Sq. Ft.
Year Built
1976
MLS® Number
E4474660
Listing Brokerage
Rimrock Real Estate
Basement Area
Full, Unfinished
Postal Code
T5B 0X9
Zoning
Zone 05
Parking
Stall
Parking Places (Total)
6
Community Features
Parking-Extra, Parking-Plug-Ins
Exterior Features
Landscaped, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Brick, Stucco, Vinyl
Direction Faces
South
Foundation Details
Concrete Perimeter
Garage Type
No
Roof
Asphalt Shingles
Access To Property
Paved
