This retail in Edmonton offers a 4,025 sqft lot. Built in 1970. The property has lot dimensions of 4024.944.
Positioned in the vibrant Little Italy district, this mixed-use building offers a compelling opportunity for investors or entrepreneurs seeking both income and flexibility. The property features a two-storey structure with approximately 2,000 sq. ft. per level plus a full-height basement, creating multiple revenue streams within one well-located asset.The main floor commercial space is currently vacant, allowing a new owner to customize the space for a wide variety of businesses such as childcare services, restaurant concepts, café, retail, or other neighborhood-oriented ventures.Above, the second floor contains four bachelor suites, including two units with large private balconies, providing comfortable rental accommodations in a walkable and desirable area.The basement level houses six dedicated music studios, currently occupied by long-term tenants, offering stable income with additional opportunity to enhance revenue over time. A recently installed sprinkler system services the basement area.Additional features include three separate electrical meters and a secure rear parking area with gated access. The property is steps from shopping, parks, schools, and public transit, making it an attractive location for both tenants and businesses.A well-located asset with multiple income streams and future upside potential in one of the city’s most lively neighbourhoods.Courtesy of Mark Wilbert CIR Realty (id:60351)
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Listed by Mark Wilbert, CIR Realty
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Listing represented by Mark Wilbert, CIR Realty · MLS# 44517597
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.