I have listed a new property at 9563 107 AVE in EDMONTON.
ADDRESS DISPLAYED ON BUILDING IS 10665 - 96 STREET. Completely refurbished under CMHC's RRAP program in 2005 using $342,000 of forgivable monies to upgrade the entire building inside and out in exchange for following rent control guidelines for affordable housing. $22,798 forgiven annually,$163,856 outstanding, matures April 2017. Assumption of forgivable loan requires CMHC approval. 22 units @ 350, 1 unit @ 378, 4 units @ $430. Scheduled rental income = $117,576. All income/expenses are actual for 2010. Building in very good condition and has consistant performance from year to year. Some very long term tenants in place.