Courtesy Of Cindy Dooley and Alan Elbardisy Of Exp Realty
About 11725 97 Street Nw
Opportunity knocks!Legally Suited home offers incredible potential as an income-generating property or as a versatile space for a large family. With the legal suite, the property currently generates a robust monthly income of $3,100, providing a solid 7% cap rate. The upstairs unit brings in $1,700 per month, while the downstairs unit adds an additional $1,400. Key updates to the home include a newer furnace, hot water tank, and roof. Setting a strong foundation for any further renovations you might wish to undertake, and making it easier to enhance the living spaces to your taste. Featuring a two-car detached garage, offering ample parking and storage solutions. The potential here is enormous; whether you choose to rent out both units for a substantial income or live in one while renting the other, the financial benefits are clear. This property is ideal for savvy investors looking to capitalize on its income potential or for families seeking a home with additional rental income to offset mortgage costs.
Features of 11725 97 Street Nw
| MLS® # | E4392278 |
|---|---|
| Price | $349,900 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,173 |
| Acres | 0.00 |
| Year Built | 1932 |
| Type | Single Family |
| Sub-Type | Residential Detached Single Family |
| Style | Bungalow |
Community Information
| Address | 11725 97 Street Nw |
|---|---|
| Area | Edmonton |
| Subdivision | Alberta Avenue |
| City | Edmonton |
| County | ALBERTA |
| Province | AB |
| Postal Code | T5G 1Y3 |
Amenities
| Amenities | Sunroom |
|---|---|
| Features | Sunroom |
| Parking | Double Garage Detached |
| # of Garages | 2 |
| Garages | 22'x22' |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate Flooring, Linoleum, Hardwood |
|---|---|
| Interior Features | Dishwasher-Built-In, Dryer, Washer, Refrigerators-Two, Stoves-Two |
| Heating | Forced Air-1 |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Fully Finished |
Exterior
| Exterior | Vinyl |
|---|---|
| Exterior Features | Back Lane, Public Transportation, Schools, Shopping Nearby, Fenced |
| Construction | Wood Frame |
Additional Information
| Date Listed | June 12th, 2024 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Cindy Dooley and Alan Elbardisy Of Exp Realty |
|---|