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!
Data was last updated July 14, 2026 at 05:30 PM (UTC)
Area Statistics
Listings on market:
136
Avg list price:
$698,950
Min list price:
$175,000
Max list price:
$4,900,000
Avg days in system:
48
Min days in system:
1
Max days in system:
557
Avg price per sq.ft.:
$473.01
These statistics are generated based on the current listing's property type
and located in
Zone 15. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
Data last updated on July 14, 2026 at 05:30 PM (UTC).
Copyright 2026 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.