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Executive Summary

Rare opportunity to own a cash-flowing legal rooming house/income property in Ritchie, one of Edmonton’s most sought-after central communities. Offering 9 bedrooms and 4 bathrooms over 3 levels, the property is set up with a fully self-contained main floor 1-bedroom suite featuring its own full kitchen and bathroom, plus 8 private rental rooms arranged 4 upstairs and 4 downstairs. The main suite provides stable long-term income with a tenant in place since 2009, while the rooms rent for $500–$550/month. Recent updates include a new roof and 3 fully renovated rooms, creating immediate upside with ready-to-lease inventory. With two additional half kitchens, multiple bathrooms, and a flexible income-producing layout, this property is ideal for investors, multigenerational living, or an owner-occupier seeking a mortgage helper. Steps to Whyte Ave, Mill Creek Ravine, transit, schools, and the University area, this location supports strong rental demand and long-term growth. Strong income with upside potential.

Property Facts

Price $433,587 USD
Price Per Unit $48,176 USD
Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Building Size 4,275 SF
No. Stories 3
Year Built 2000

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - 1,221
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
  • Listing ID: 40391568

  • Date on Market: 5/4/2026

  • Last Updated:

  • Address: 9732 75 Av NW, Edmonton, AB T6E 1H8

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