INVESTOR ALERT! 5 BED/2 BATH bungalow with LEGAL 3-BEDROOM BASEMENT SUITE in Parkallen, steps to UofA! Rare turnkey income property: the recently renovated legal suite (new flooring, paint, updated kitchen and bathroom) with private entrance is ready for tenants, comparable 3-bed suites in this pocket rent for approx. $1,500+/mo. Live up and rent down, or rent both floors for est. $3,000+/mo gross. Major mechanicals are done: newer windows, furnace, hot water tank, and roof. The main floor offers 2 bedrooms, a full bath, hardwood floors, spacious living room, and a functional kitchen awaiting your ideas — priced accordingly. Sitting on a 33'×130' lot with lane access, ample rear parking, and room for a future garage/garden suite (buyer to verify with City). Unbeatable location: walk to U of A, Whyte Ave, McKernan, and the beloved Parkallen Colombian coffee shop. Vacant possession possible-set your own rents. A numbers-first opportunity at this price!
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Zillow last checked:
Listing updated:
Listed by:
Jeffrey C Lewis,
RE/MAX Elite
Source: RAE,MLS®#: E4498694
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Level: Main
Heating
Forced Air-1, Natural Gas
Appliances
Included: Dishwasher-Built-In, Dryer, Exhaust Fan, Washer, Second Refrigerator, Second Stove
Features: Playground Nearby, Near Public Transit, Schools, Shopping Nearby, Public Transportation
Construction
Type & style
Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence
Materials
Foundation: Concrete Perimeter
Roof: Asphalt
Condition
Year built: 1950
Community & HOA
Location
Region: Edmonton
Financial & listing details
Price per square foot: C$502/sqft
Date on market: 7/14/2026
Ownership: Private
Jeffrey C Lewis
Jeffrey C Lewis
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