Located on a west-facing corner lot in Elmwood Park, this 6,440 sq. ft. property presents an excellent opportunity for builders, investors, and purchasers exploring CMHC MLI Select multi-family development potential. The existing bungalow offers 2 bedrooms and 1 full bathroom and is currently tenant occupied, providing holding income while future redevelopment plans are considered. The home features a partially finished basement with a large recreation area that could serve a variety of future uses, along with substantial unfinished space ideal for storage or additional development. The fenced yard and prominent corner positioning further enhance the property’s long-term potential. Convenient access to major transportation routes, including the Yellowhead Trail, provides excellent connectivity throughout the city. Immediate possession may be available, subject to assumption of the existing tenant.
Address
12245 81 ST NW
List Price
$390,000
Property Type
Residential
Type of Dwelling
Detached Single Family
Style of Home
Bungalow
Transaction Type
Sale
Area
Edmonton
Sub-Area
Elmwood Park
Bedrooms
2
Bathrooms
1
Floor Area
809 Sq. Ft.
Lot Size
6440.91 Sq. Ft.
Lot Shape
Rectangular
Year Built
1946
MLS® Number
E4486746
Listing Brokerage
RE/MAX Real Estate
Postal Code
T5B 2T2
Zoning
Zone 05
Parking
Stall
Community Features
See Remarks
Exterior Features
Landscaped, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
West
Foundation Details
Slab
Garage Type
No
Roof
Asphalt Shingles
Access To Property
Paved