Property Details

Historic Investment – 10422-82 Avenue, Edmonton, AB

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Historic Investment – 10422-82 Avenue, Edmonton, AB

SOLD $3,300,000.00 - Investment
4,356 Sq.Ft (+/-)  Print this page

HISTORIC FREESTANDING BUILDING

10422- 82 AVENUE, EDMONTON, AB

SOLD

PROPERTY HIGHLIGHTS

  • Heart of Old Strathcona
  • Fully tenanted
  • ‘Sunny’ side of the street
  • Major renovations in 2011

PROPERTY INFORMATION

MUNICIPAL ADDRESS: 10422-82 Avenue, Edmonton, AB

SIZE: 4,356 Sq.Ft (+/-)

BUILDING BREAKDOWN:

  1. Main – 2,310 Sq.Ft retail tenant
  2. Main – 960 Sq.Ft office tenant in annex at back of building
  3. Lower level – 2,300 Sq.Ft retail tenant
  4. 2nd floor – (2) 1 bedrooms, (5) bachelors fully occupied
  5. 3rd floor – (3) 1 bedrooms, 4 bachelors fully occupied

NOI: $183,567 (+/-)

PURCHASE PRICE: $3,300,000.00

ZONING: DC1

ADDITIONAL DETAILS:

  • $1.2 million renovation in 2011 including:
    • New roof
    • All suites renovated (including all new ceilings, cupboards, flooring, bathroom fixtures and most appliances)
    • New boilers
    • New heat fin units and thermostats
    • New integrated fire alarm system
    • New fresh-air circulation
    • Re-pointed exterior brickwork
  • Built in 1908
  • Historically registered building with $336,000 (approx.) forgivable transferable loan
  • High ceilings on all floors, including lower level
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Ross Lizotte

Ross has been involved in the Edmonton real estate industry for over 40 years. After a number of years in the residential market, Ross opened his own company, growing to over 50 agents and staff,…

  • Office : 780.784.5359
  • Mobile : 780.887.8588
  • Fax : 780.483.2277

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Nora Lizotte

Nora has been a participant in Edmonton’s commercial real estate sector since joining husband, Ross Lizotte, in 2004, and achieving her Associate Broker designation earlier this year. With over hundred office, retail and industrial leases…

  • Office : 780.784.5362
  • Mobile : 780.499.9001
  • Fax : 780.483.2277

Contact

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