I have listed a new property at 12120 82 ST in Edmonton.
Normandy Apartments!!! Normandy has an ideal mix of 2 bedrooms, one beds, and Studios which allows this 22 unit apartment building to cater to singles or couples and families. Normandy is in progress of upgrading and new re rental plan, income, cap rate is based on previous years full rental however previous $2,420,000 price which now has been reduced to $1,980,000 asking, ultimately changing the cap rate positively - perfect for the buyer to complete upgrades and re rental plan, only 7 minute walk to LRT, bus route in front of Normandy allows for very quick access to the city center, Yellowhead Trail provides ease of vehicle travel to all parts of Edmonton for work etc. Schools and shopping close by, walking distance to Avenue of Champions a world of new trending restaurants and services, etc. All the above combined with very reasonable rents gives you the perfect result -- Your opportunity to purchase a great investment and desired building located in a rejuvenating community is Normandy Apartments.