Exclusive Investment Opportunity Near the UNIVERSITY OF ALBERTA! Discover this brand-new EAST facing 4PLEX with 4 legal basement suites, thoughtfully raised to maximize natural light in the lower-level units—offering a bright and welcoming atmosphere rarely found in basement suites! Suitable for CMHC financing, this 6600+ sq.ft. property boasts an upscale interior and exterior, featuring luxury vinyl flooring on the main and basement levels, plush carpeting on the second floor, and 9 ft. ceilings throughout for a spacious feel. The modern two-tone kitchen cabinets, quartz countertops, and sleek tile-finished bathrooms elevate the elegance. Built with energy efficiency in mind, this property includes triple-pane windows and solar vents, ensuring lower utility costs. A concrete parking pad will be completed for added convenience. Currently in the finishing stage, this stunning development is set for completion in July 2025 - perfect for investors looking for PREMIUM rental income potential.
Property Type:
Single Family
Dwelling Type:
Quadruplex
Home Style:
2 Storey
Total Floor Area:
4,388.05 sq. ft.408 m2
Price Per SqFt:
$535.29
Total area above grade.:
4,388 sq. ft.407.66 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Area:
5,860.2 sq. ft.544 m2
Lot Shape:
Rectangular
Grade Level Entry:
No
Levels:
3
Exposure / Faces:
East
Year built:
2024
(Age: 1)
Bedrooms:
4
(Above Grd: 3)
Bathrooms:
3.0
(Full:3/Half:1)
Total Rooms Above Grade:
6
Building Type:
4PLEX
Efficiency Rating:
High - 92%+ Efficiency
Construction:
Wood, Metal, Stone, Vinyl
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Ceramic Tile, Vinyl Plank
Heating:
Forced Air-2, Natural Gas
Fireplace:
Yes
Fireplace Fuel:
Electric
Fireplace Type:
Wall Mount
Parking:
Parking Pad Cement/Paved
Garage:
No
Ensuite:
Yes
Garage Suite:
No
Garden Suite:
No
On Street Parking, Ceiling 9 ft., Closet Organizers, Hot Water Tankless, No Smoking Home, Smart/Program. Thermostat, Vinyl Windows, See Remarks, Infill Property, HRV System, 9 ft. Basement Ceiling
Parkallen (Edmonton)
Back Lane, Corner Lot, Landscaped, Public Transportation, Schools, Shopping Nearby, View Downtown, See Remarks, Partially Fenced
On Street Parking, Ceiling 9 ft., Closet Organizers, Hot Water Tankless, No Smoking Home, Smart/Program. Thermostat, Vinyl Windows, See Remarks, Infill Property, HRV System, 9 ft. Basement Ceiling
Back Lane, Corner Lot, Landscaped, Public Transportation, Schools, Shopping Nearby, View Downtown, See Remarks, Partially Fenced
Data was last updated May 17, 2025 at 09:30 AM (UTC)
Area Statistics
Listings on market:
120
Avg list price:
$786,500
Min list price:
$289,000
Max list price:
$2,999,900
Avg days on market:
30
Min days on market:
1
Max days on market:
844
Avg price per sq.ft.:
$485.34
These statistics are generated based on the current listing's property type
and located in
Zone 15. Average values are
derived using median calculations.
Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
