Courtesy Of Val Toffoli Of MaxWell Polaris
Don't Miss This Opportunity! 5.6% Cap Rate.Belmont Manor is a 9 unit 2.5 storey walk up Apt Bldg on a 7,499.75 sq.ft. RA8 lot in desirable Queen Mary Park. Walk to Downtown,the Ice District/New Arena, Grant MacEwan University,RAH Hospital & all of the`WOW' Amenities of 104th St. LRT & Bus 1 block away. Built in 1968.New $5,000 main entrance door, upgraded Common Areas (new flooring, paint to doors & walls). 4 units substantially upgraded & others upgraded as required as Tenants vacate (Paint, Some Appliances, Flooring, Refurbished Kitchens & Bathrooms). Roof, Balconies & Windows upgraded 2007. 9 generous size well configured one bdrm units. Six above grade units have Balconies. Concrete Foundation, Brick/ Stucco Exterior, Tar/Gravel Roof, Hot Water Heating. Energized Parking Stalls. Tenants pay their Power. Varied Rental Rates with 4 units below Market Rates. Includes 9 stoves & fridges. Coin Laundry Machines are leased with a rare 70/30 split to Owner. Clean, well maintained property. Proforma available.
Listing information last updated on April 4th, 2020 at 11:31am MDT.