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10132/10136 - 87 Avenue NW - Old Strathcona Development Opportunity 2 Unit Apartment Building Offered at $1,250,000 CAD Edmonton, AB T6E 2P2
Investment Highlights
- Turn-Key Development: Current zoning allows for immediate development into a modern 11-unit multi-family rental complex.
- Stable Holding Income: Generates strong, reliable rental income from day one.
- Scalable Potential: Can be combined with the adjacent 12-unit apartment building also available for sale ( ), to unlock higher density and economies o
Executive Summary
In the Old Strathcona Historic neighbourhood, this prime development site spans ± 9,165 square feet and directly faces a local school and park. The property functions as a high-yield holding asset (comprising a fourplex and a single-family home) that offers stable income alongside immediate multi-family development potential.
• Turn-Key Development: Current zoning allows for immediate development into a modern 11-unit multi-family rental complex.
• Scalable Potential: Can be combined with the adjacent 12-unit apartment building also available for sale to unlock higher density and economies of scale.
• Stable Holding Income: Generates strong, reliable rental income from day one.
• Turn-Key Development: Current zoning allows for immediate development into a modern 11-unit multi-family rental complex.
• Scalable Potential: Can be combined with the adjacent 12-unit apartment building also available for sale to unlock higher density and economies of scale.
• Stable Holding Income: Generates strong, reliable rental income from day one.
Property Facts
| Price | $1,250,000 CAD | Property Type | Multifamily |
| Price Per Unit | $625,000 CAD | Building Size | 9,165 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built | 1980 |
| Zoning | RS - Small Scale Residential | ||
| Price | $1,250,000 CAD |
| Price Per Unit | $625,000 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 9,165 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | RS - Small Scale Residential |
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Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Exceptionally bikeable
90/100
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10132/10136 - 87 Avenue NW - Old Strathcona Development Opportunity
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