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Courtesy of Jeneen Marchant of RE/MAX Real Estate
  • * $697,500
  • Beds10
  • Baths4
  • SQ. Feet2,431
  • Built1969
  • DOW13
$697,500

7304 78 Avenue Nw, King Edward Park in Edmonton

This is a Single Family (Bi-Level) with a Full, Fully Finished basement and Double Garage Detached parking.

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7304 78 Avenue Nw, King Edward Park in Edmonton

Looking for cash flow??? This 4-plex is a turn key investment that is fully rented and generates $5755/month of income between four suites and the garage. You can rent it as is, or do some sprucing up to increase the rental income and property value. The property is zoned as a legal and titled 4-plex with two 3 bedroom upper suites and two 2 bedroom lower suites that all have their own full bathrooms, entrances, furnaces, and laundry. It is located on a corner RF3 zoned lot across from a park that is conveniently located close to 75 street, Argyll, the Whitemud, or Whyte avenue. There is ample parking at this property as well with the double garage, 4 stalls, and corner street parking. Rent, hold, improve and refinance, or infill...the choice is yours! Current CAP rate is 4.99% but the ARV and stabilized CAP rate can see that increase to over 6.11%!

$697,500 - MLS® #E4385756
7304 78 Avenue Nw, Edmonton, AB

Essential Information

  • MLS® #E4385756
  • Price$697,500
  • Price per Sqft287
  • Price Per SqFt$287
  • Bedrooms10
  • Bathrooms4.00
  • Full Baths4
  • Square Footage2,431
  • Acres0.20
  • Year Built1969
  • TypeSingle Family
  • Sub-Type4PLEX
  • StyleBi-Level
  • Days on Website13

Amenities

  • FeaturesDetectors Smoke
  • ParkingDouble Garage Detached
  • # of Garages2

Room Dimensions

  • Master Bedroom3.63x4.08
  • Bedroom 23.58x2.54
  • Bedroom 33.00x3.00
  • Bedroom 43.40x3.89
  • Other Room 13.63x4.08
  • Other Room 23.01x2.99
  • Other Room 33.63x3.56
  • Other Room 42.94x2.83
  • Other Room 53.47x3.91
  • Other Room 63.40x3.89

School Information

  • ElementaryAvonmore School
  • MiddleKenilworth School
  • HighMcNally School

Community Information

Interior

  • InteriorLaminate Flooring, Linoleum, Non-Ceramic Tile
  • Interior FeaturesDishwasher-Built-In, Garage Opener, Refrigerators-Two, Dryer-Two, Stoves-Two, Washers-Two, Microwave Hood Fan-Two
  • HeatingForced Air-2
  • Has BasementYes
  • BasementFull, Fully Finished
  • # of Stories2

Exterior

  • ExteriorBrick, Vinyl
  • Exterior FeaturesCorner, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
  • ConstructionWood Frame
  • Lot Size Square Feet798.80
  • Listing Frontage0.00
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Listing information last updated on May 20th, 2024 at 4:45am MDT.