Property Details

Address: 11836 - 89 Street, Edmonton, AB
Status: For Sale
Price: $2,160,000
Price Per Door: $120,000
No. of Units: 18
Cap Rate: 5.35%

Madison Place is an eighteen suite apartment building located at 11836 - 89 Street in Edmonton, Alberta, in the neighbourhood of Alberta Avenue.

It is a two and a half storey walk-up, wood-frame construction building with balconies. It was built in 1968. Parking is surface, paved and energized.

The suite mix is 1 studio suite and 17 one-bedroom suites. The suites range in size from 700 to 900 sq. ft.

There are three janitorial rooms, an electrical room, and a boiler room. The laundry room appliances are leased from and and maintained by CoinaMatic.

VTB Available: $100,000. Interest Rate 10%, 2 Year Term

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