Investor Alert! This 3-bedroom bi-level is an excellent income-producing property with long-term tenants already in place. Currently rented on a fixed-term lease until June 30, 2026, this home offers consistent cash flow from day one. While the property does require updating and is being sold in “as-is” condition, it presents a solid opportunity for those looking to add value over time. The functional bi-level layout includes a bright living area, three bedrooms, and a lower level with additional space for future development or renovations. Located in a convenient neighborhood close to schools, parks, and amenities, this property combines reliable tenancy with strong long-term potential. A great fit for investors seeking steady returns and the opportunity to improve value down the road.
Property Type:
Single Family
Dwelling Type:
Detached Single Family
Home Style:
Bi-Level
Total Floor Area:
630.99 sq. ft.58.6 m2
Price Per SqFt:
$340.73
Total area below main level.:
551.12 sq. ft.51.2 m2
Total area above grade.:
631 sq. ft.58.62 m2
Secondary Suite:
No
2nd Suite Permit By Seller:
No
Separate Entrance:
No
Lot Area:
3,124.98 sq. ft.290 m2
Lot Shape:
Pie Shaped
Grade Level Entry:
No
Levels:
2
Exposure / Faces:
Southeast
Year built:
1982
(Age: 43)
Bedrooms:
3
(Above Grd: 0)
Bathrooms:
1.0
(Full:0/Half:1)
Total Rooms Above Grade:
3
Plan:
7922811
Building Type:
Detached Single Family
Efficiency Rating:
Mid - 81-91% Efficiency
Construction:
Wood, Metal
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet Over Softwood
Heating:
Forced Air-1, Natural Gas
Fireplace:
No
Parking:
Stall
Garage:
No
Ensuite:
No
Garage Suite:
No
Garden Suite:
No
See Remarks
Morinville
Schools, Shopping Nearby
See Remarks
Schools, Shopping Nearby
Refrigerator, Stove-Electric
None Known
Private
Floor
Type
Size
Other
Main
Living Room
15'4.57 m × 12'4"3.75 m
-
Main
Dining Room
13'6"4.11 m × 9'2"2.80 m
-
Main
Kitchen
12'4"3.75 m × 7'8"2.35 m
-
Lower Level(s)
Master Bedroom
11'6"3.51 m × 9'6"2.90 m
-
Lower Level(s)
Bedroom 2
9'4"2.83 m × 8'4"2.53 m
-
Lower Level(s)
Bedroom 3
11'6"3.51 m × 8'2"2.50 m
-
Floor
Ensuite
Pieces
Other
Main
-
2
Seller Rights Reserved:
No
School Bus:
Yes
Elem. School:
Primeau
Middle School:
Notre Dame
High School:
Morinville High School
Zone:
Zone 61
Zoning:
Zone 61
Title to Land:
Fee Simple
Legal Lot:
17
Road Access:
Paved
LINC Number:
0010344703
Days On Website:
10 day(s)10 day(s)
View of front facade
View of play area featuring a fenced backyard
View of playground featuring a fenced backyard and a trampoline
Photo 4 of 11
Kitchen with dark countertops, white cabinets, open shelves, and a textured ceiling
Kitchen featuring white appliances, white cabinets, a textured ceiling, and dark countertops
Photo 7 of 11
Photo 8 of 11
Carpeted living room featuring a textured ceiling and a ceiling fan
Data was last updated October 11, 2025 at 07:30 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$449,900
Min list price:
$215,000
Max list price:
$639,900
Avg days in system:
17
Min days in system:
2
Max days in system:
163
Avg price per sq.ft.:
$282.38
These statistics are generated based on the current listing's property type
and located in
Morinville. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data last updated on October 11, 2025 at 07:30 AM (UTC).
Copyright 2025 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.