Courtesy Of Jeneen Marchant Of RE/MAX Real Estate.

7304 78 Avenue Northwest. Edmonton, AB T6B 0C1

$697,500

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Down Payment: Monthly Payment:
  • 10 Beds
  • 4 Full Bath
  • 2,431 SqFt
  • $286.92 / SqFt
  • Neighbourhood: King Edward Park
  • HOA: N/a
  • MLS® #: E4385756
  • Year Built: 1969

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MLS® E4385756 is as 2,431sqft 4PLEX located at 7304 78 Avenue Northwest, in Edmonton AB. The property features 10 bedrooms, and 4 bathrooms.

Description

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%!

7304 78 Avenue Northwest - Subdivision Statistics

Avg. asking price N/A
Price per sq. ft. N/A
Median price N/A
Number of homes for sale in King Edward Park N/A
Number of homes for sale in Edmonton N/A
Avg. Days on Market N/A

Essential Information

  • MLS® #E4385756
  • Price$697,500
  • Bedrooms10
  • Full Baths4
  • Square Footage2,431
  • Acres0.20
  • Lot SQFT799
  • Year Built1969
  • TypeSingle Family
  • Sub-Type4PLEX
  • StyleBi-Level

Amenities

  • AmenitiesDetectors Smoke
  • FeaturesDetectors Smoke
  • ParkingDouble Garage Detached
  • # of Garages2

Interior

Laminate Flooring, Linoleum, Non-Ceramic Tile

Exterior

  • ExteriorBrick, Vinyl
  • ConstructionWood Frame

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

Community Information

  • Address7304 78 Avenue Northwest
  • AreaEdmonton
  • SubdivisionKing Edward Park
  • CityEdmonton
  • ProvinceAB
  • Postal CodeT6B 0C1

Interior

  • HeatingForced Air-2
  • Has BasementYes
  • BasementFull, Fully Finished
  • Basement TypeFull
  • # of Stories2

Interior Features

Dishwasher-Built-In, Garage Opener, Refrigerators-Two, Dryer-Two, Stoves-Two, Washers-Two, Microwave Hood Fan-Two

Exterior Features

Corner, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby

School Information

  • ElementaryAvonmore School
  • MiddleKenilworth School
  • HighMcNally School

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Listing information last updated on May 19th, 2024 at 1:01pm MDT.