Rundle Apartments | 11320 34th St NW
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | £81,371 | Building Class | B |
Sale Type | Investment | Lot Size | 0.38 AC |
Net Initial Yield | 5.16% | Building Size | 9,887 SF |
Sale Conditions | Excess Land | Average Occupancy | 100% |
No. Units | 12 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1971 |
Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
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 |
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (75)
zoning
Zoning Code | RM h16 |
RM h16 |
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Rundle Apartments | 11320 34th St NW
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