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9928 81 Avenue
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The Coimbra Building presents a rare opportunity to acquire a well-cared-for mixed-use asset in one of Ritchie’s most established and walkable communities. Positioned just minutes from Whyte Avenue, the property benefits from strong local demographics, steady foot traffic, and convenient access to transit and central Edmonton.The commercial component offers approximately 11,464 square feet of leasable area across both one- and two-storey sections. Originally constructed in 1967 with an expansion completed in 1990, the building has been consistently maintained and presents well, with no known significant deferred maintenance. The layout supports a variety of commercial uses and provides flexibility for future tenancy or repositioning.Complementing the commercial space is a separate 2.5-storey residential home on the property, configured with two updated suites. Improvements over time include upgraded windows, plumbing, electrical, and HVAC systems, supporting tenant comfort and operational reliability.The property is currently fully leased, providing immediate income stability. For investors or potential owner-users, the site also offers future optionality, with the ability to occupy space as leases transition while maintaining revenue from the existing tenancy mix.A well-located, income-producing asset offering a balance of stability, flexibility, and long-term potential in one of Edmonton’s most desirable urban communities. (id:65958)
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).
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 24, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.