Property view at 1-8, 10244 119 Street NW, Edmonton - Multi-Family investment property with 8,009 sqft - Photo 1 of 40 | Calgary real estate investment
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1-8, 10244 119 Street NW

Edmonton, Alberta T5K 1Z4
MLS® A2227137141 days on marketListed Jun 2, 2025
Exclusive Offering
$2,250,000
8,009Living Space
8Garage Spaces
1990Year Built

Property Overview

RARE FIND 8 Suite Apartment in a Premium Downtown Location!! This Custom-Built property has Underground Heated Parking and just 1 block from the Valley Line LRT Route, Brewery District, Oliver Pool, Park / Off Leash Space and a short distance to Rogers Arena Ice District.

This 10/10 Turnkey Building is in Immaculate condition with a good mix of suites (2-2 bdrm/6-1 bdrm/1 batch/caretaker suite) that are very spacious plus large kitchens and living rooms, In-Suite Laundry in all units with plenty of storage.

The building has secured entrances, intercom system, Security Cameras etc and each suite is separately metered plus the secured heated underground parking area comes with 8 stalls, 6 additional storage units, plus 2 exterior parking stalls in back.

This is basically an original owner building leaving you with substantial room for significant rent increases to meet or exceed current market rates.

Investment Analysis

InvestCalgary Insights • Rental data from RentFaster.ca

Price per Sq Ft
$281/sqft
Within typical Calgary range for investment properties

Investment Considerations

Mature Property: Potential value-add opportunity through renovations. Budget for capital improvements.
Long Market Exposure: Significant negotiation opportunity. Consider reasons for extended listing period.
Multi-Family Investment: Income diversification with multiple units. Owner-occupy opportunity to offset mortgage.

Investment Analysis Disclaimer: These estimates are for informational purposes only and do not constitute financial advice. Actual rental income, expenses, and returns may vary. Consult with a qualified real estate professional before making investment decisions.