Rare opportunity to own a fully licensed 7-bedroom, 7-bathroom lodging house in sought-after McKernan, just steps from the University of Alberta. Operating with valid Development, Building, and Business permits, this turn-key property offers a rare legalized student/professional housing setup in one of Edmonton’s strongest rental markets. Situated on a 49.5' x 130' lot (approx. 600 sqm), the 2-storey home features 7 bedrooms, 7 full baths, including 5 ensuites. Walking distance to the U of A and McKernan/Belgravia LRT stations ensures consistent tenant demand. Major upgrades include a new roof with 15-year workmanship warranty, interconnected smoke/CO detectors, upgraded basement egress windows, vinyl windows, PEX plumbing, 100-amp service, newer furnace, and 2024 hot water tank. Generating approximately $5,000/month in gross rental income, this high-yield investment also offers significant future redevelopment potential. (id:53676)
| Bathroom Total | 7 | Bedrooms Total | 7 |
| Appliances | Dishwasher, Dryer, Refrigerator, Stove, Washer | Basement Development | Finished |
| Basement Type | Full (finished) | Constructed Date | 1953 |
| Construction Style Attachment | Detached | Fire Protection | Smoke Detectors |
| Heating Type | Forced Air | Stories Total | 2 |
| Size Interior | 1615 Sqft | Type | House |
| Detached Garage |
| Acreage | No | Land Amenities | Public Transit, Schools, Shopping |
| Size Irregular | 598.31 | Size Total | 598.31 M2 |
| Size Total Text | 598.31 M2 |
| Level | Type | Dimensions |
|---|---|---|
| Basement | Bedroom 6 | Measurements not available |
| Basement | Additional Bedroom | Measurements not available |
| Main Level | Dining Room | Measurements not available |
| Main Level | Kitchen | Measurements not available |
| Main Level | Bedroom 4 | Measurements not available |
| Main Level | Bedroom 5 | Measurements not available |
| Upper Level | Primary Bedroom | Measurements not available |
| Upper Level | Bedroom 2 | Measurements not available |
| Upper Level | Bedroom 3 | Measurements not available |
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