10132 / 10136 – 87 Avenue NW
Property Description
In the Old Strathcona Historic neighbourhood, this prime development site spans ± 9,165 square feet and directly faces a local school and park. The property functions as a high-yield holding asset (comprising a fourplex and a single-family home) that offers stable income alongside immediate multi-family development potential. • Turn-Key Development: Current zoning allows for immediate development into a modern 11-unit multi-family rental complex. • Scalable Potential: Can be combined with the adjacent 12-unit apartment building also available for sale to unlock higher density and economies of scale. • Stable Holding Income: Generates strong, reliable rental income from day one.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,250,000 |
| No. of Units: | 2 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $625,000 |
| Property Website | Click Here |
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