Rare opportunity to acquire a purpose-built 9-unit townhouse complex in the established community of Lee Ridge. Each unit offers 3 spacious bedrooms, appealing to long-term family tenants and ensuring strong rental demand. The property is strategically located with direct access to major arteries including 97 Street, Whitemud Drive, Anthony Henday, 66 Street, 34 Avenue, and 75 Street, placing it minutes from Mill Woods Town Centre, Costco, Southgate Mall, South Edmonton Common, Grey Nuns Hospital, and the Mill Woods Rec Centre. Units 109, 151, and 153 have been renovated, while others present upside for future value-add improvements. Fully tenanted with reliable cash flow and supported by ample on-site parking, this asset combines stability with growth potential in one of Southeast Edmonton’s most connected neighbourhoods.Unit Counts:Studio Apts: 0Bachelor Apts: 01 Bedroom Apts: 02 Bedroom Apts: 03 Bedroom Apts: 94+ Bedroom Apts: 0Other Units: 0Other Property Types: Multi-FamilyOwnership Interest: Condo Property,PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Adrian NedelecAppointment Phone: 780-966-4471Paragon Listing ID: E4455712 (id:51989)
Features of 149 Millbourne Road E
- MLS® Number 43690189
- Price $2,199,900
- Square Footage: 11961 sqft
- Neigbourhood: Lee Ridge
Buildings
| Constructed Date | 1976 | Size Interior | 11961 Sqft |
Land
| Acreage | No | Size Irregular | 24759.504 |
| Size Total | 24759.504 Sqft|1/2 - 1 Acre | Size Total Text | 24759.504 Sqft|1/2 - 1 Acre |
Agents and Offices
- Adrian Nedelec
- James J. Knull
- Office: Exp Realty