Fully tenanted and cash flowing, this 10-bedroom multi-suite property in the heart of Strathcona offers strong rental income and long-term upside. Currently configured with two spacious 2-bed/1-bath units upstairs and six individually addressed, furnished rooms below, it appeals to both U of A students and working professionals. Recent upgrades include four high-efficiency furnaces, updated plumbing, electrical, fire protection systems, durable vinyl plank flooring throughout, and a roof replacement in 2018. The property has a proven track record of near-full occupancy, with the upstairs units alone historically covering the mortgage. Whether you’re holding for income, considering future infill or looking for a strategic value-add, this is a prime investment in one of Edmonton’s most walkable and transit-connected neighbourhoods.Unit Counts:Studio Apts: 0Bachelor Apts: 01 Bedroom Apts: 62 Bedroom Apts: 23 Bedroom Apts: 04+ Bedroom Apts: 0Other Units: 0Other Property Types: Multi-FamilyOwnership Interest: PrivateTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoAppointment Name: Adrian NedelecAppointment Phone: 780-966-4471Paragon Listing ID: E4457140 (id:51989)
Features of 8504 98 Street
- MLS® Number 44046325
- Price $759,900
- Square Footage: 1910 sqft
- Neigbourhood: Elsinore
- Parking Space Total 3
Buildings
| Constructed Date | 1958 | Size Interior | 1910 Sqft |
Land
| Acreage | No | Size Irregular | 4373.424 |
| Size Total | 4373.424 Sqft|under 1/2 Acre | Size Total Text | 4373.424 Sqft|under 1/2 Acre |
Agents and Offices
- Tim Puhlmann
- James J. Knull
- Office: Exp Realty