Back on the market due to buyer Financing. INVESTMENT OPPORTUNITY! Gem of a rental with LEGAL Basement Suite and Double Detached garage in the heart of Sherwood Park. Long term tenants (both 4+ years and counting) to be assumed by buyer with leases expiring in May and June of 2026. Upstairs pays $1635/mth, downstairs pays $1225/mth plus another $200 for exclusive use of the garage. All major construction items are in proper working order without any deferred maintenance. This property is "plug and play". Professional Property Manager also willing to stay in place for ease and continuity. Upstairs is a unique layout with 2 huge bedrooms and an open concept living space. Two of the bedrooms have been combined (wall removed) to make a larger one. Common space towards the back door and down to the laundry and utility room. Basement suite is 1 bedroom, roughly 500 square feet, with electric heat and HRV ventilation. This is an easy and efficient investment for both new or seasoned investors, Act Now!
Address
162 GEORGIAN WY
List Price
$489,000
Property Type
Residential
Type of Dwelling
Detached Single Family
Style of Home
Bungalow
Transaction Type
Sale
Area
Sherwood Park
Sub-Area
Glen Allan
Bedrooms
3
Bathrooms
2
Floor Area
995 Sq. Ft.
Lot Shape
Rectangular
Year Built
1972
MLS® Number
E4456286
Listing Brokerage
RE/MAX River City
Postal Code
T8A 2W6
Zoning
Zone 25
Parking
Double Garage Detached
Community Features
Front Porch, Hot Water Natural Gas, No Animal Home, No Smoking Home, Parking-Extra
Exterior Features
No Back Lane, Playground Nearby, Public Transportation, Schools
Heat Type
Baseboard, Forced Air-1, Electric, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
West
Foundation Details
Concrete Perimeter
Garage Type
Yes
Roof
Asphalt Shingles
Access To Property
Paved Driveway to House