Property Details

Address: 13904 - 117 Street, Edmonton, AB
Status: For Sale
Price: $4,485,000
Price Per Door: $195,000
No. of Units: 23
Cap Rate: 5.75%

Vernon Street Town Houses is a four building row-house complex located at 13904 - 117 Street in Edmonton, Alberta in the Carlisle neighbourhood. This townhouse complex is located close to schools and close to multiple bus stops.

The buildings are two storey row-houses, wood-frame construction buildings with fully fenced private yards and patios. It was built in 1978. Parking is surface and paved, with a 2 car garage on site. Asphalt was repaired and had lines re-painted in 2016.

All twenty-three units have three-bedrooms with one full bathroom, and a half bathroom. As per attached survey plan all units have 1653 sq. ft. +/- of living space. The suite are complete with fireplaces, fridges, stoves, dishwashers, washer and dryers. Townhouses also have unfinished/partially finished basements.

22 of the 23 units have linoleum and laminate flooring. All furnaces are high efficiency furnaces installed between 2004-2020. Windows and patio doors were replaced in 2009, and the roofs were re-finished in 2013-2015. Hot water tanks have been replaced between 2013-2019. All townhouses are separately metered and each tenant pays their own utilities.

Unit 11704 is completely renovated as an insurance claim due to a burst pipe. New flooring, cupboards, fireplace, bathrooms, plumbing, furnace, hot water tank, dishwasher, washer and dryer.

Unit 11718 has not received renovations due to the tenant’s request as the tenant has occupied the unit since 1999.

 

Neighbourhood

Carlisle is a residential neighborhood in north-west Edmonton, Alberta. It is bounded by Castle Downs Road, 137th Avenue, and 145th Avenue. Surrounding neighborhoods include Kensington, Caernarvon, Hudson, Griesbach, Rosslyn and Cumberland. According to Edmonton’s 2016 Municipal Census, the population of Carlisle is approximately 3,752 residents.

Carlisle is located next to a commercial strip along 137th Avenue which includes White Oaks Square, Kensington Crossing and North City Centre. Home Depot, Staples, Best Buy, Real Canadian SuperStore, and The Keg are just a few of the stores and restaurants along the strip.

Interested in this Property?

Contact the David G. Parker Team Today