Courtesy Of Mani Bagga and Shivani Bagga Of Royal Lepage Magna

12318 83 Street, Edmonton, AB

$298,800

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About 12318 83 Street

Welcome to Eastwood! This 15.1 m x 45.8 m (50 feet frontage x 150 feet deep) lot is ready to start your project right away! The current seller has invested over $35,000 in demolition and lot preparation, including asbestos inspections and demolition clearances. Development potential includes two side-by-side "skinny" homes . Each with a fully finished basement and the option to add a suite above the garage. This allows for three units per property, providing great rental income potential! Build a fourplex above ground with legal basement suites for a total of 8 units. This is a high-yield opportunity perfect for the CMHC program, supporting affordable housing & investment. With its central location and rental-friendly zoning, this property is ideal for those looking to generate rental income.Whether you’re interested in building and selling, renting, or living in one unit and renting out others, this lot offers the flexibility to meet various investment goals. Close to schools, transportation & shopping!

Features of 12318 83 Street

MLS® # E4413954
Price $298,800
Bathrooms 0.00
Acres 0.00
Type Single Family
Sub-Type Vacant Lot/Land
Status Active

Community Information

Address 12318 83 Street
Area Edmonton
Subdivision Eastwood
City Edmonton
County ALBERTA
Province AB
Postal Code T5E 3A3

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Features Fenced, Flat Site, Playground Nearby, Public Transportation, Schools, Shopping Nearby, See Remarks

School Information

Elementary Delton School
Middle Spruce Avenue School
High East Glen School

Additional Information

Date Listed November 18th, 2024
Days on Market 35
Zoning Zone 05
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Mani Bagga and Shivani Bagga Of Royal Lepage Magna

Listing Map