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New property listed in A-109400, Edmonton

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Posted in A-109400, Edmonton Real Estate
Property Photo: 9563 107 AVE in EDMONTON
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.
Wayne Paradis -RE/MAX Realtor
Office:(780) 439-7000
Fax:(780) 439-7248
Toll Free:(800) 265-9518
Cell:780-953-9934
RE/MAX river city
100, 10328 - 81 Avenue NW
Edmonton, Alberta
T6E 1X2 Canada
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