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8504 98 Street
$789,900 Sale
Listed 3 hours ago
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Key Facts
Key facts for 8504 98 Street
Property Type
Commercial
Parking
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MLS®
E4457140
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Website
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Year Built
1958
Maintenance Fee
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Description
Fully tenanted and cash flowing, this 10-bedroom multi-suite property in the heart of Strathcona offers strong rental income and long-term upside. Currently configured with two spacious 2-bed/1-bath units upstairs and six individually addressed, furnished rooms below, it appeals to both U of A stude...nts and working professionals. Recent upgrades include four high-efficiency furnaces, updated plumbing, electrical, fire protection systems, durable vinyl plank flooring throughout, and a roof replacement in 2018. The property has a proven track record of near-full occupancy, with the upstairs units alone historically covering the mortgage. Whether you’re holding for income, considering future infill or MLI Select, or looking for a strategic value-add, this is a prime investment in one of Edmonton’s most walkable and transit-connected neighbourhoods.
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Courtesy of: Adrian Nedelec, Exp Realty