TD Tower, Suite 2700
10088 - 102 Avenue
Edmonton, AB T5J 2Z1
Tel.780.420.1177

Mayfield Terrace

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Contact

Adrian Ambrozuk
Adrian.Ambrozuk@cwedm.com
780.991.9344

Brandon Kuhn
brandon.kuhn@cwedm.com
780.916.9671

Location

Address:
10121 162 Street NW
City:
Edmonton

Property Details

Property Type:
Multi-Family
Sale / Lease:
Sale
Sale Price:
$1,795,000
Acres:
0.69
Number of Units:
19 units

Description

Fantastic opportunity for an owner looking to take control of their investment with some hands on rental management in this attractive complex.
With its central west end location, Mayfield Terrace has experienced a historically low vacancy with all units currently fully occupied.
Recent extensive condominium upgrades and renovations to the property include upgraded common areas, kitchens, bathrooms, replacement of the Asphalt Shingle Roof (2011), exterior stucco siding, unit windows, perimeter fencing, replacement of the boiler and hot water tank.
Professionally managed, the Condominium fees include all normal costs exclusive of Property Taxes and Interior unit Maintenance
Units are all individually title and can be sold separately
Each suite is equipped with:
5 appliances inclusive of a fridge, stove, dishwasher and a stacked washer dryer.
4 piece bath with clay tile flooring and a matching tub.
An opportunity exists to acquire the remaining units within the complex to expand the investment holdings to control 100% of the complex.

Suite mix :
14 – 1 Bedroom Suites / ±625 SF each
2 – 2 Bedroom Suites / ±788 SF each
3 – 3 Bedroom Suites / ±977 SF each
Price per door : $94,475 / door