Rare opportunity to own a fully licensed 7-bedroom, 7-bathroom lodging house in sought-after McKernan, just steps from the University of Alberta. Operating with valid Development, Building, and Business permits, this turn-key property offers a rare legalized student/professional housing setup in one of Edmonton’s strongest rental markets. Situated on a 49.5' x 130' lot (approx. 600 sqm), the 2-storey home features 7 bedrooms, 7 full baths, including 5 ensuites. Walking distance to the U of A and McKernan/Belgravia LRT stations ensures consistent tenant demand. Major upgrades include a new roof with 15-year workmanship warranty, interconnected smoke/CO detectors, upgraded basement egress windows, vinyl windows, PEX plumbing, 100-amp service, newer furnace, and 2024 hot water tank. Generating approximately $5,000/month in gross rental income, this high-yield investment also offers significant future redevelopment potential.More details
Welcome to this inviting bungalow in sought-after Allendale, set on a large lot with plenty of room to enjoy. The spacious living and dining rooms are filled with natural light through oversized windows and feature timeless arched doorways and elegant coved ceilings. The bright kitchen offers butcher block counters, ample cabinetry and charming corner windows. Three bedrooms include a generous primary retreat, complemented by a 4-piece bath. The fully finished basement expands the living space with a family room, second kitchen, 2 additional bedrooms, 3-piece bath and laundry. Outside, enjoy a private fenced yard with patio, fire pit and greenspace, plus access to the single detached garage and large parking pad for 4 vehicles. Ideally located close to schools, shops, restaurants, transit, major roadways and more. Some photos are virtually staged.More details
Ravine Terrace: SPECTACULAR LOCATION on the edge of Millcreek Ravine at the end of a dead-end street. This large 3rd floor, 2 BEDROOM home (quiet/secure/friendly complex) has an east facing BALCONY overlooking the ravine. Great layout with huge potential to update. Galley kitchen (plenty of cabinets/counters/pantry closet). Living room (capped, wood burning fireplace with possibility for a gas/electric insert) & Dining room windows have ravine views. Primary Bedroom (10’ closet) has a privacy door with access to main 4-piece Bathroom. Bedroom 2 (open closet) has a Murphy bed in a custom oak wall-cabinet. In-suite LAUNDRY. Tri-pane vinyl windows. Energized COVERED parking. Elevator/Intercom/Fob entry & individual Storage units make for comfortable & convenient living. Out the front door to walking/bike trails in the scenic ravine & all the amenities Ritchie community has to offer: Ritchie Market/Plaza, Shopping, Transportation. Easy access to Campus St. Jean/U of A/Downtown. Some images Virtually Staged.More details
Courtesy of Jo A Blumenthal of Royal LePage Noralta Real Estate
Data was last updated September 9, 2026 at 05:30 PM (UTC)
Data last updated on September 9, 2026 at 05:30 PM (UTC).
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