Excellent investment opportunity – Britannia Lofts, is a newly renovated mixed-use multi family building with main floor retail space. Situated in Britannia Youngstown, this property offers great upside to lease over 3,000 square feet of main floor retail or potentially turn the space into additional residential units.
In December 2020, the Britannia Lofts residential units received over $140,000 of apartment unit and common area upgrades that included painting, flooring, bathroom remodelling and kitchen appliance upgrades; while the main floor retail glass was recently replaced in 2021. Previous capital upgrades appear to include new windows, hot water tank and hot water boiler.
In addition, there has been solid progress towards leasing up the apartment and commercial space units.
Enjoy easy access to Mayfield Common, West Edmonton Mall and even the Downtown core. Major transit routes that surround the area make any commute a breeze, and within walking distance there are many local amenities including retail shops, restaurants and medical/healthcare services.
List Price | $1,575,000