Property Details

Address: 9407 - 114 Avenue, Edmonton, AB
Status: For Sale
Price: $2,999,999
Price Per Door: $130,434
No. of Units: 23
Cap Rate: 5.58%

Kings Landing is a twenty-three suite apartment building located at 9407 - 114 Avenue in Edmonton, Alberta in the Alberta Avenue neighbourhood.

It is a three storey low-rise, wood-frame construction building with a full basement. It was built in 1916. Parking is surface and gravel.

The suite mix is 12 studio suites and 11 one-bedroom suites. This property has been extensively remodeled and updated. Please see below for a detailed breakdown of all capital improvements.

Fire Alarm System Upgrades
• installed 10 new fire extinguishers • new fire exit signs • replaced all smoke detectors • replaced majority of heat sensors • developed fire plan • installed bells & heat sensors in basement • updated fire water supply line • fireproofed main power supply • replaced fire doors • installed fire plan cabinet & fire department lock box • replaced emergency lighting fixtures • installed carbon dioxide detectors

Security Upgrades
• replaced all locks • installed door wraps & strike plates • installed front & rear metal doors • installed a 16 camera security system • updated light fixtures in common areas • installed a proper mail box

Mechanical Upgrades
• upgraded electrical system, including new panel box • updated water supply valve • plumbed gas line to laundry room • refurbished laundry machines • developed asbestos abatement plan • abated vast majority of asbestos • refurbished antique heating radiators • maintained boiler • foundation repairs • insulated steam pipes • new weather stripping throughout • new digital thermostat

Suite & Common Spaces Upgrades
• update stucco • insulated & recased all doors and windows • replaced flooring in common spaces • replaced thresholds • repaired and/or replaced windows • installed blinds on all windows • replace light bulbs with LED light bulbs • installed showers in every unit • new paint throughout entire building • replaced gas stoves with electric • installed Wi-Fi boosters • fenced yard • new down spouts and gutters • graded gravel parking lot • renovated almost all units • renumbered units • professionally drafted drawings of units • installed 2 sanitization stations

As this building was built in 1916, there is asbestos in some areas.

Interested in this Property?

Contact the David G. Parker Team Today