Property description for 13205 118 Avenue Nw, Edmonton, AB T5L 2L6

Visit the Listing Brokerage (and/or listing REALTOR®) website to obtain additional information. Rare Cash-Flow Asset + Infill Site - 11,754 SF Lot under Modern Zoning - High Operational EfficiencyExcellent opportunity to acquire a well-maintained 9-suite, 2.5-storey walk-up apartment building in the desirable Woodcroft neighbourhood. This income-producing property offers exceptional redevelopment and expansion potential with ample space to add additional units or construct a separate duplex with legal basement suites. Built in 1965, the property features a new roof (2024), new flooring (2024), and a newer hot water tank. A desirable suite mix consisting of:1 Studio, 5 One-Bedroom, and 3 Two-Bedrooms with 9 energized parking stalls in addition to convenient street parking. Ideally located with outstanding transit access, one-bus service to local universities, with a bus stop directly in front of the building. Residents also benefit from quick access to downtown, major roadways, shopping, schools, parks, and amenities, making this a highly attractive rental location.Whether youre looking for stable cash flow with future upside or redevelopment opportunity in a central Edmonton neighbourhood, this property holds significant long-term potential perfectly balances reliable, established rental income with a massive, under-utilized land play. Operating at an ultra-efficient expense ratio driven by 25 years of owner management, this clean asset provides immediate, steady cash flow from day one. THE LAND & UP-ZONING ADVANTAGE is that it is positioned on an expansive lot which is a premium beneficiary of Edmonton’s new Zoning Bylaw frameworks. Boasting extensive site depth and generous setbacks, value-add investors can exploit As-of-Right development pathways without the risk, cost, or delays of lengthy rezoning processes (pending permits and approvals): Detached Infill Capacity: Capitalize on the massive site footprint to construct a separate, high-density duplex. Utilizing modern building codes, both sides can support legal basement secondary suites, instantly adding four new revenue streams to the site (pending permits and approvals). Backyard Housing Framework: The site footprint easily accommodates a multi-suite backyard housing structure or a footprint extension to the existing building, significantly intensifying the property’s total rental yield (pending permits and approvals). The Ultimate Holding Strategy: Unlike raw development land that bleeds capital during planning stages, this asset features a rock-solid, tenant-supported cash flow to entirely cover carrying costs, taxes, and bills while architectural and development plans are finalized. (id:38686)

QUICK OVERVIEW

Built in 1965
9 parking spaces
0.27 acres lot

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Michelle Plach

Listing Office Honestdoor Inc, 780-965-4662

Updated Wednesday, July 22, 2026 at 11:52:04 AM

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NEIGHBOURHOOD

About the Woodcroft Neighbourhood

Le caractère de Woodcroft répond aux besoins de plusieurs types d'acheteurs. Le niveau de bruit est bas dans cette partie d'Edmonton, étant donné que la pollution sonore liée à la circulation des voitures est rarement un problème. Cependant, les résidents ont accès à une quarantaine de parcs, comme par exemple Coronation Park et Dovercourt Community Park, et ceux-ci sont très bien répartis dans Woodcroft, ce qui fait qu'il est généralement très facile d'en trouver un à distance de marche de la plupart des propriétés. Finalement, malgré le fait que le quartier n'est pas connu pour son ambiance énergique, à cause de la proximité des bars des secteurs voisins, il est très simple de trouver un endroit où prendre un verre.

Learn more about Woodcroft

Daycares

Au moins une garderie à quelques pas à pied

High Schools

Au moins une école secondaire à moins de 10 minutes à pied

Elementary Schools

Au moins une école primaire à moins de 10 minutes à pied

Groceries

Grande variété d'épiceries à quelques minutes en voiture, dont certaines à distance de marche

Restaurants

Grande variété de restaurants à quelques minutes en voiture, dont certains à distance de marche

CLIMATE RISK FOR T5L 2L6

FINANCING

10 Tips for Getting the Best Mortgage Rate in Canada

Mortgage Payments for 13205 118 Avenue Nw, Edmonton, AB T5L 2L6

$5,516

Monthly

Estimated Payment

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13205 118 AVENUE NW, EDMONTON, AB T5L 2L6