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Land For Sale at 11011/15/21 109 ST NW NW in Edmonton, Alberta

4 Sale ID #219575
Updated 28 Apr 2024

Asking Price

$1,200,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

REDEVELOPMENT ALERT in Central McDougall! 150'140' Lot Medium Scale Residential RM H16 zoning, right on 109 Street. 3 Lots Side x Side for a total frontage of 150x140 HUGE potential for a low rise apartment building, 4plexes or skinnies 24 units minimum! Great potential for CMHC MLI products in this location. This location is excellent for future redevelopment, close to amenities, public transit, LRT, NAIT, minutes from downtown & on a street where other redevelopment is already happening & more being planned all the time. Take advantage of the City encouraging higher density & development & secure your next project! (id:39198)

  • MLS® : #E4379123
  • Date Listed : 27 Mar 2024

Location

Province

Alberta

City

Edmonton

Address

11011/15/21 109 St Nw Nw

Postal Code

T5G2V8

Location Highlights

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Listed by

RE/MAX River City Alberta listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,200,000

Asking Price

$1,200,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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