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Rundle Apartments 11320 34th St NW

12 Unit Block of Flats £976,452 (£81,371/Unit) 5.16% Net Initial Yield Edmonton, AB T5W 1Y9

Executive Summary

Valuable Amenities Nearby: The property is within walking distance to numerous amenities, including Rundle Park and the major retail corridor along 118 Avenue, which features restaurants, grocery stores, and family services. Its central location ensures convenience and connectivity, with major transit routes and thoroughfares just minutes away.
Ideal CMHC Candidate: The property is an excellent CMHC MLI Select candidate, allowing for low equity requirements and reduced debt payments, resulting in enhanced cash flow potential.
Excess Land: The property sits on 0.38 acres of land and holds great potential for future development, allowing for a total of 30 units.

Property Facts

Price £976,452
Price Per Unit £81,371
Sale Type Investment
Net Initial Yield 5.16%
Sale Conditions Excess Land
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.38 AC
Building Size 9,887 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1971
Parking Ratio 1.11/1,000 SF

Unit Amenities

  • Balcony

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 4 - 800 - 1,000
1+1 8 - 688
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RM h16
RM h16
  • Listing ID: 34322274

  • Date on Market: 30/12/2024

  • Last Updated:

  • Address: 11320 34th St NW, Edmonton, AB T5W 1Y9

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