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$499,000
Est. payment /mo
5,642 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,642 sqft
Price per Sqft $88
Subdivision Ritchie
MLS Listing ID A2274145
Year Built 2025
Property Sub-Type Multi Family
Property Description
Prime Ritchie Infill - Fully Approved 5-Plex Development, located just off Whyte Ave. Approved for a 5-plex multi-unit building — all major approvals and prep work done: demolition, footing & foundation, development and building permits approved; asbestos removed with clearance certificate; utilities disconnected. Existing house remains until excavation. The 5-plex presents as a two-storey home from the street with four units behind; all main living areas above grade. This was approved before City Council reduced the allowable footprint for multi-unit infill projects in Edmonton. Under today's rules, this exact building form would be very difficult to get approved again, making this truly one-of-a-kind. Highlights: commercial appraisal projecting $1.86M, full architectural drawings, professional survey, high demand rental area, potential for CMHC-insured financing and perfect for investors, builders or anyone ready to get a head start on multi-family.
Location
Province AB
Zoning RS
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Five Plus
Others
Restrictions None Known
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Listed by ComFree
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