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11405 97 ST NW
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Beds
3
Baths
2
Sqft
821
Year
1925
Type
Single Family
On market
41d
Developers & investors, prime infill lot in the heart of Alberta Avenue, minutes from downtown Edmonton & NAIT. One of the city's fastest-evolving areas, with infill activity accelerating & land values rising block by block.Currently on the lot is one of Edmonton's rare surviving clinker brick bungalows, 821 sq ft above grade, fully finished basement with large windows, full bathroom, 2nd kitchen, & 3rd bedroom. Oversized single detached garage in premium condition. Structurally sound & fully functional, offering strong holding income while you plan your build. Zoned for infill, verify allowable uses with the City of Edmonton. Steps to Coliseum LRT, Royal Alex Hospital, schools, parks, & transit. Ideal location for professionals working downtown or at NAIT, with every major amenity nearby. Surrounded by active infill development with comparables rising on every block. Whether you're planning a skinny home, duplex, or multi-unit build, this location delivers the connectivity today''s buyers demand. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom 3 | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | — | |
| Dining room | — | |
| Kitchen | — | |
| Primary Bedroom | 2 × 3.5 meters | |
| Bedroom 2 | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
31.59%
Cap rate
11.18%
GRM
6.9
Break-even rent
$1,294
Financing
Operating expenses (monthly)
Save this analysis — go Pro (free)
Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 11, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.