1 month ago
$799,900
10948 75 Avenue Northwest
Edmonton, Alberta · McKernan · T6G0G9
MLS® Number: A2314975
- 7Bedrooms
- 7Bathrooms
- 1,612Square Feet
Listing Description
Rare opportunity to acquire a fully licensed, turn-key 7-bedroom, 7-bathroom lodging house in the premier neighborhood of McKernan, just steps from the University of Alberta. Operating under a valid Development Permit (DP), Building Permit (BP), and Business Licence (BL), this property offers a rare, fully legalized single-professional/student housing setup in one of Edmonton’s most high-demand rental corridors.Situated on a substantial 49.5’ x 130’ lot (approx. 600 sqm), this solid 2-storey home features a highly functional layout tailored for legalized shared accommodation, boasting 7 bedrooms and 7 full bathrooms (including 5 ensuites). Its unbeatable location is within easy walking distance to both the McKernan/Belgravia and U of A LRT stations, providing top-tier transit accessibility that ensures a consistent stream of tenant demand.The property offers outstanding operational reliability, with all major building systems meticulously upgraded over the years to ensure top-tier safety and structural peace of mind. Recent premium improvements feature a brand-new roof with 15 year workmanship warranty certificate, interconnected smoke/CO detectors throughout, and newly upgraded basement egress windows with fresh window wells. Mechanically superior and carefully maintained, the home is further enhanced by vinyl windows, upgraded PEX plumbing lines, a 100-amp electrical service, and a newer furnace and hot water tank (2024).Representing an exceptional, high-yield cash cow generating approximately $5,000 CAD in total monthly gross rental income, this premium property offers stable, immediate revenue with zero deferred maintenance. Combined with significant underlying land value and future high-density redevelopment potential, it is a bulletproof investment in a prime inner-city location. (id:65883)
Property Summary
- Property Type
- Single Family
- Building Type
- House
- Storeys
- 2
- Square Footage
- 1,612 sqft
- Neighbourhood Name
- McKernan
- Title
- Freehold
Legal Description
Plan :- 0020922787 Block :- 32 Lot :- 42
Building
Bathrooms
- Total
- 7
- Partial
- 0
Interior Features
- Appliances Included
- Dishwasher, Stove
- Basement Type
- Finished, Full
- Flooring
- Tile, Hardwood, Vinyl Plank
Building Features
- Style
- House
- Construction
- Wood frame
- Foundation
- Poured Concrete
- Stories
- 2
- Year Built
- 1953
- Building Amenities
- Vinyl siding
Heating & Cooling
- Heating Type
- Forced air
- Cooling
- None
Floorplan
Room dimensions
Second level
- Primary Bedroom23'3" × 12'1"
- Bedroom8'5" × 18'9"
- Bedroom7'9" × 8'11"
- 3pc Bathroom6'0" × 5'4"
- 3pc Bathroom6'0" × 5'4"
- 3pc Bathroom4'0" × 8'11"
Main level
- Bedroom23'3" × 12'1"
- 3pc Bathroom10'7" × 4'1"
- Bedroom11'10" × 9'6"
- 3pc Bathroom6'6" × 7'0"
Basement
- Bedroom21'9" × 11'6"
- 3pc Bathroom7'5" × 6'4"
- Bedroom15'0" × 12'0"
- 3pc Bathroom6'4" × 10'10"
Land
Lot
- Lot Size
- 598.29 square meters
- Lot Dimensions
- 598.29
- Frontage
- 15.1 meters
- Lot Features
- See remarks, Other, Back lane, PVC window, No Animal Home, No Smoking Home, Level
- Fencing
- Partially fenced
Zoning
- Zoning
- RS
Tax & HOA
Tax
- Annual Tax
- $5,814
- Tax Year
- 2026



