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11206 85 St NW 0.18 Acres of Commercial Land Offered at $364,971 USD in Edmonton, AB T5B 3C7
Investment Highlights
- Across the street from LRT train. Down the street from Concordia College, NAIT college, Stadium rec center.
- City of Edmonton is allowing all sorts of high density development throughout the city and this land is in the TOD (transit oriented development zone)
- 3 minutes by train to downtown Edmonton & 7 minutes to U of A campus
Executive Summary
I AM MOTIVATED TO SELL
I am not interested in assumable mortgages, vendor financing or anything like that. If you don’t have the money, then you can’t purchase my land. Contact banks or mortgage brokers for help.
11202-85 Street is empty lot
11206-85 street. Has an old house on it right now with FIXED TERM tenant. It’s rented for 1250 per month. It's rented on short term fixed term tenancy agreements. That way I can get them out whenever I want. And they know that and have agreed to that.
Zone is R9 (high rise or business) This is the transit oriented development zone! The city wants DENSITY.
If you are a serious developer, then you would buy this land for 500,00-525,000
You would spend $800,000 building a big apartment building with 16 units-20 units.
And then sell them for $299,000 each
That means your cost would be 1.2 million and you would sell for 6.0 million
That's a $4.8 million profit!!
I bought the properties in 2008 and I am selling them now because I am retiring. They are both clear title. My personal name is on title.
Edmonton is now allowing 8 Plex on 1 city lot. These 2 lots could have 20 units because they are next to each other!!
Or maybe purchase it and build a hotel with little micro rooms
This land is just a few minutes door to door to University of Alberta (which has 45,000 staff and students)
Maybe even just put one shower room on each floor. And a SEPARATE toilet room on each floor. With all the students, workers, homeless, etc in Edmonton this hotel would be FULL at $50 per night X 40 rooms = $2000 per night or $62,000 per month.
And have a 24 hour security guard / receptionist on the main floor, who ALSO sells stuff out of a store (smokes, milk, essentials)
Text or call 780-446-1122. Let’s make a deal and make you RICH.
Property Facts
| Price | $364,971 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.18 AC |
| Price | $364,971 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.18 AC |
1 Lot Available
Lot
| Price | $364,971 USD | Lot Size | 0.18 AC |
| Price Per AC | $2,007,345.24 USD |
| Price | $364,971 USD |
| Price Per AC | $2,007,345.24 USD |
| Lot Size | 0.18 AC |
FOR SALE - 2 city lots ACROSS the street from the Stadium LRT train station, stadium rec Center & Parkinson’s Center. Also near Concordia college, NAIT and Save on foods. These 2 lots are zoned R9. You can build a high-rise or commercial store or an
Description
Zone is R9 (high rise or business) This is the transit oriented development zone! The city wants DENSITY. If you are a serious developer, then you would buy this land for 500,00-525,000 You would spend $800,000 building a big apartment building with 16 units-20 units. And then sell them for $299,000 each That means your cost would be 1.2 million and you would sell for 6.0 million That's a $4.8 million profit!! I bought the properties in 2008 and I am selling them now because I am retiring. They are both clear title. My personal name is on title. Edmonton is now allowing 8 Plex on 1 city lot. These 2 lots could have 20 units because they are next to each other!! Or maybe purchase it and build a hotel with little micro rooms This land is just a few minutes door to door to University of Alberta (which has 45,000 staff and students) Maybe even just put one shower room on each floor. And a SEPARATE toilet room on each floor. With all the students, workers, homeless, etc in Edmonton this hotel would be FULL at $50 per night X 40 rooms = $2000 per night or $62,000 per month.
Presented by
Matt Peter
11206 85 St NW
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