Investment Opportunity in Prime Allendale Location! This rental is turnkey! Fantastic suited bungalow with excellent tenants already in place—perfect for investors looking for steady rental income in one of Edmonton’s most sought-after central neighbourhoods. This well-maintained property offers 5 bedrooms total (3 up, 2 down) and two self-contained suites, making it ideal for maximizing rental potential. The home sits at the crossroads of the city, offering exceptional accessibility to the University of Alberta, Whyte Ave, downtown, and major transit routes. Numerous updates have been completed over the years, and the home has been very well cared for by both owners and tenants. A large detached garage with alley access adds extra rental appeal and storage options. Currently generates just shy of 30k with a cap rate of 4.5%. Zoned RF3 for future potential and surrounded by redevelopment—this is a smart long-term hold with great current returns. Don’t miss your chance to invest in Allendale!
Address
10682 61 AV NW
List Price
$600,000
Property Type
Residential
Type of Dwelling
Detached Single Family
Style of Home
Bungalow
Transaction Type
Sale
Area
Edmonton
Sub-Area
Allendale
Bedrooms
5
Bathrooms
2
Floor Area
1,005 Sq. Ft.
Lot Shape
Rectangular
Year Built
1950
MLS® Number
E4461028
Listing Brokerage
Digger Real Estate Inc.
Postal Code
T6H 1L7
Zoning
Zone 15
Parking
Double Garage Detached
Community Features
Fire Pit, Hot Water Natural Gas, See Remarks
Exterior Features
Back Lane, Fenced, Public Transportation, Shopping Nearby
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
South
Foundation Details
Concrete Perimeter
Garage Type
Yes
Roof
Asphalt Shingles
Access To Property
Paved
