This beautifully restored character home presents a unique opportunity for developers and homeowners looking to create their dream residence. Situated on an expansive 50x155 (725 m2) lot, it is primed for subdivision, making it perfect for building duplexes, fourplexes, or single-family homes.
Address: 105a Street NW, Edmonton, AB
Why Choose Queen Alexandra?
Vibrant Neighborhood:
Located in central Edmonton, Queen Alexandra boasts a rich history dating back to the early 20th century. The area features a delightful mix of architectural styles, from vintage homes to contemporary infills. It is perfectly situated near Whyte Avenue, offering peaceful tree-lined streets and parks for leisurely strolls. Locally-owned cafes and restaurants enhance its charm as a popular off-Whyte hangout.
Convenient Location:
Enjoy walking distance to Whyte Avenue, the University of Alberta, and University Hospital, placing you at the heart of urban life. Queen Alexandra features an arena, athletic fields, and a leisure center, along with five schools ranging from elementary to high school. A seniors' housing complex and Joe Morris Park, with lovely walking paths, are also nearby.
Community Amenities:
The neighborhood is surrounded by parks, shops, and dining options, ensuring a lively atmosphere and a strong sense of community.
Investment Opportunity
This property is an excellent investment opportunity in one of Edmontonβs most desirable locations. You can build a fourplex with four legal suites, which offers significant potential for rental income.
Estimated Construction Cost for Fourplex: Approximately $1.25 million plus land cost.
Property Price
This charming character home is priced at $669,000 and is expected to sell quickly! Don't miss your chance to secure a prime piece of real estate in a thriving community!