Courtesy Of Cindy Dooley Of Exp Realty

11725 97 Street Nw, Edmonton, AB

$349,900

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5

Beds

2

Baths

1,173

Square feet

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

OfficeCourtesy Of Cindy Dooley Of Exp Realty

Listing Map

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