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Garneau Fourplex 7914-7916 110 St NW 4 Unit Apartment Building $1,022,850 USD ($255,712 USD/Unit) 4.10% Cap Rate Edmonton, AB T6G 1G4
INVESTMENT HIGHLIGHTS
- 5-Minute Walk to University of Alberta
- 50' x 182' Rectangular Lot opens up future development options
- 12 Bedrooms plus 12 Full Baths and 2 Half Baths
EXECUTIVE SUMMARY
** SOLD ** ATTENTION PRUDENT UNIVERSITY-AREA INVESTORS: TURNKEY AND GOOD CONDITION LEGAL FOUR-PLEX NOW AVAILABLE IN GARNEAU, PREDOMINANTLY OCCUPIED BY UNIVERSITY OF ALBERTA FACULTY OF MEDICINE STUDENTS AND GRADUATE HEALTH PROFESSIONALS! Mammoth 5000 sq. ft. superstructure features a grand total of 4 kitchens; 4 living / dining spaces; 4 laundries; 12 spacious studio / (plus) bedroom spaces; 12 full en suite baths; 2 half baths; 2 covered porch decks; nice fenced backyard; & quadruple detached garage with large rear parking lot (a real bonus premium for any property located within 5 minutes to the University). Substantial 50' x 182' (838.0 sq. m.) rectangular lot, spanning two titles, opens up a myriad of long-term future development & expansion options. Convenient access to 109 Street; Whyte Avenue; McKernan; University of Alberta; Saskatchewan Drive; Hawryluk Park; Royal Mayfair Golf Club; & Downtown. A premium investment opportunity to load up your Landlord capacity for upcoming Fall & Winter semesters!
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$63,279
|
$12.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$63,279
|
$12.66
|
| Taxes |
$10,071
|
$2.01
|
| Operating Expenses |
$10,071
|
$2.01
|
| Total Expenses |
$20,142
|
$4.03
|
| Net Operating Income |
$43,138
|
$8.63
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $63,279 |
| Annual Per SF | $12.66 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $63,279 |
| Annual Per SF | $12.66 |
| Taxes (USD) | |
|---|---|
| Annual | $10,071 |
| Annual Per SF | $2.01 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $10,071 |
| Annual Per SF | $2.01 |
| Total Expenses (USD) | |
|---|---|
| Annual | $20,142 |
| Annual Per SF | $4.03 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $43,138 |
| Annual Per SF | $8.63 |
PROPERTY FACTS In Escrow
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Storage Space
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Views
- Carpet
- Deck
- Den
- Dining Room
- Family Room
- Lawn
- Linen Closet
- Recreation Room
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Recycling
- Bicycle Storage
- Multi Use Room
- Sundeck
- Public Transportation
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 10+5 | 4 | - | - |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (87)
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Garneau Fourplex | 7914-7916 110 St NW
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