Fantastic investment opportunity in Eastwood! This well-maintained 4-plex offers four self-contained two-storey units, each over 1,100 sqft. (4500 total building) plus a full undeveloped basement. Registered as a condominium (Units 1–4). Each unit features 3 bedrooms, a spacious living room, dining area with patio access, kitchen with ample cabinetry, a 2-piece main bath, and a 4-piece bath. Total of 12 bedrooms, 4 full baths, and 4 half baths. Fully landscaped with 6 parking stalls and conveniently located near public transit and downtown Edmonton. Current rental income is approx. $1,450/month per unit, excluding utilities. Excellent revenue potential—must see! Majority of the units have been renovated. Large plot of land at 7000 sqft making this a potential hold and develop property. Gross income is $69,600 per year with a 5.5%-6% cap rate. All leases in place till end of 2026. (id:51989)
Features of 8216-8222 120 Av Nw
- MLS® Number E4474660
- Price $799,800
- Bedrooms: 3
- Bathrooms: 2
- Square Footage: 4506 sqft
- Property Type: Fourplex
- Neigbourhood: Eastwood
- Amenities Near By Playground, Public Transit, Schools, Shopping
- Parking Space Total 6
Buildings
| Bathroom Total | 2 | Bedrooms Total | 3 |
| Appliances | Dryer, Refrigerator, Stove, Washer | Basement Development | Unfinished |
| Basement Type | Full (unfinished) | Constructed Date | 1976 |
| Construction Style Attachment | Attached | Half Bath Total | 1 |
| Heating Type | Forced Air | Stories Total | 2 |
| Size Interior | 4506 Sqft | Type | Fourplex |
Parking
| Stall |
Land
| Acreage | No | Land Amenities | Playground, Public Transit, Schools, Shopping |
| Size Irregular | 232.04 | Size Total | 232.04 M2 |
| Size Total Text | 232.04 M2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 3.77 m | 5.56 m | 3.77 m x 5.56 m |
| Main Level | Dining Room | 2.54 m | 2.28 m | 2.54 m x 2.28 m |
| Main Level | Kitchen | 2.54 m | 3.27 m | 2.54 m x 3.27 m |
| Upper Level | Primary Bedroom | 3.85 m | 3.49 m | 3.85 m x 3.49 m |
| Upper Level | Bedroom 2 | 2.53 m | 4.25 m | 2.53 m x 4.25 m |
| Upper Level | Bedroom 3 | 3.83 m | 2.68 m | 3.83 m x 2.68 m |
Agents and Offices
- Adam T. Dirksen
- Office: Rimrock Real Estate