Garage suite + established rental income in Queen Alexandra. This property features a newer detached garage suite, a modern addition that offers immediate rental opportunities or flexible living space. Combined with the existing 1940s bungalow that's already set up as two additional separate Airbnb units, you're looking at multiple income streams on one well-located lot. Situated just south of the University of Alberta, you're steps from transit, bike routes, and a quick walk to the LRT. Whyte Avenue, campus, and downtown are all easily accessible, making this a high-demand area for renters and short-term guests year-round. The main house retains its vintage appeal with private entrances and distinct living spaces, while the backyard is fully fenced and offers solid curb appeal. The 33' x 131' lot also leaves room to explore future redevelopment if you're thinking long-term. Furniture can be included, so you can hit the ground running. Prime location with existing cashflow. Don't miss out!
Data was last updated October 3, 2025 at 05:15 AM (UTC)
Area Statistics
Listings on market:
134
Avg list price:
$786,900
Min list price:
$279,000
Max list price:
$4,490,000
Avg days in system:
44
Min days in system:
1
Max days in system:
422
Avg price per sq.ft.:
$468.74
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 MLS® system.
Data last updated on October 3, 2025 at 05:15 AM (UTC).
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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