INVESTOR ALERT! 5 BED/2 BATH bungalow with LEGAL 3-BEDROOM BASEMENT SUITE in Parkallen, steps to UofA! Rare turnkey income property: the recently renovated legal suite (new flooring, paint, updated kitchen and bathroom) with private entrance is ready for tenants, comparable 3-bed suites in this pocket rent for approx. $1,500+/mo. Live up and rent down, or rent both floors for est. $3,000+/mo gross. Major mechanicals are done: newer windows, furnace, hot water tank, and roof. The main floor offers 2 bedrooms, a full bath, hardwood floors, spacious living room, and a functional kitchen awaiting your ideas — priced accordingly. Sitting on a 33'×130' lot with lane access, ample rear parking, and room for a future garage/garden suite (buyer to verify with City). Unbeatable location: walk to U of A, Whyte Ave, McKernan, and the beloved Parkallen Colombian coffee shop. Vacant possession possible-set your own rents. A numbers-first opportunity at this price!More details
RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY in the heart of Queen Alexandra! Zoned RM h16 (RA7), this property offers exceptional future potential in one of Edmonton's most desirable infill corridors. Just steps to Whyte Ave, the University of Alberta, transit, cafés, and shopping, the existing home offers timeless character while providing immediate income potential with 5 BEDROOMS, 2 FULL BATHROOMS, 2 KITCHENS, separate living areas, and a versatile loft ideal for a home office or additional flex space. Investors can generate rental income today while capitalizing on the property's long-term redevelopment potential. Whether you're looking to add to your portfolio, build in a sought-after central location, or secure a property with exceptional long-term upside, this is a rare opportunity in one of Edmonton's most desirable communities.More details
LIVE or INVEST Near the UNIVERSITY OF ALBERTA! Discover this brand-new EAST facing property with a legal basement suite. 5 Min drive to Calgary Trail, Whitemud Drive & U of A. 10 min drive to downtown & west edmonton mall. Thoughtfully raised building to maximize natural light in the lower-level units—offering a bright and welcoming atmosphere rarely found in basement suites! This 1700+ sq.ft. living space boasts an upscale interior and exterior, featuring luxury vinyl flooring on the main and basement levels, premium carpeting on the second floor, and 9 ft. ceilings throughout for a spacious feel. The modern two-tone kitchen cabinets, quartz countertops, and sleek tile-finished bathrooms elevate the elegance. Built with energy efficiency in mind, this property includes triple-pane windows, solar roof vents, 97% efficient furnace, tankless water heating, LG appliances, etc. ensuring lower utility costs. Basement has a legal suite with all amenities and ALREADY RENTED. Condo fees are not assessed yet.More details
Welcome to the Allendale neighborhood, where you’ll find this charming 5-bedroom, 1-bathroom bungalow. The main floor boasts a freshly painted living room with a large picture window overlooking a quaint park across the street. The dining room features a built-in china cabinet, while the updated kitchen offers ample storage and a large window that opens up to the backyard. The primary bedroom is spacious and comes with a generous closet. Two additional bedrooms and an updated 4-piece bathroom complete the main floor. The basement has a separate entrance and is partially finished, with a sink & toilet and 2 bedrooms but is ready for you to transform it into your dream space or basement suite. Great sized lot measuring 47ft by 106.76ft. The landscaped yard is adorned with multiple fruit trees, newer fencing, newer concrete, and a double detached garage. Updates include asphalt shingles 8 years ago and high efficiency furnace.Enjoy easy access to Calgary Trail, shopping, schools, transit, and much more.More details
Courtesy of Jennifer A Elander Bianchini of RE/MAX Real Estate
Welcome to your next house!This home is ideally located between Bonnie Doon Mall & Mill Creek ravine. Many boutique coffee shops & restaurants located close by. Drop by Cafe bicyclette at the French community centre. U of A campus is a stone's throw away. 7 minute drive to Downtown.Two blocks to Whyte ave & the entertainment district. Bonnie Doon pool & park & the Library also a short walk. Enjoy Folk Fest, ski hills, & the Muttart pyramids.Spacious Living & dining area separated by a wide hallway. Large beautiful granite island in the kitchen, corner pantry & stainless appliances. Space for a family sized table. Main floor office or flex room with french doors for privacy. Living room w/ gas F/P. Upstairs is 3 bedrms & laundry. Primary bedrm w/ walk in closet, vaulted ceiling,6” jacuzzi tub & separate shower & granite counters. Lower level has guest bedrm, w/ walk in closet & full bathroom. Large rec room w/ high ceilings. Home is finished w/ hardy board, a solid deck, double garage & nicely landscaped.More details
Courtesy of Susan E Horon of Royal LePage Noralta Real Estate
Welcome to Unit 301 at 8524 Gateway Boulevard—unbeatable value in the heart of the city! This third-floor, 2-bedroom apartment condo perfectly blends historic character with modern convenience. It’s a stellar match for first-time buyers, university students, or savvy investors seeking a prime cash-flowing asset. Inside, you’ll find a refreshed, sun-drenched, south-facing layout complete with an updated kitchen and bathroom. The location is second to none: you're just steps from the River Valley, the Strathcona Farmer’s Market, and Whyte Avenue’s legendary festivals, local cafés, and award-winning dining. Don't miss out on the ultimate urban lifestyle at a price point that can't be beat!More details
Welcome to Water’s Edge on prestigious Saskatchewan Drive, where panoramic River Valley and Downtown City Skyline Views define this exceptional residence. This spacious 2 bedroom, 2 bathroom condo offers a bright, open layout framed by expansive windows that flood the home with natural light. The well-appointed kitchen features ample cabinets & counter space, & a walk-in pantry, flowing seamlessly into the living and dining areas—perfect for everyday living or entertaining. The primary suite includes a walk-through closet and private ensuite, while the second bedroom is ideally positioned near an additional full bath. Step out to your private balcony to take in the breathtaking scenery. Residents enjoy access to a fitness center, racquet courts, and outdoor sports amenities including tennis courts. Ideally located steps to the River Valley trails, and minutes to the University of Alberta, Whyte Avenue, and Downtown. A rare opportunity offering lifestyle, location, and value. Some photos virtually staged.More details
Great investment property in popular community of Bonnie Doon. Move in ready duplex that has lots of potential. Great location just one block off from 82ave AND walking distance to Mill Creek Ravine. This bilevel home features lot of light through the big windows and south facing sliding patio doors. Good sized living room just next to the dining/U-shaped kitchen. 4 piece bathroom and 2 bedrooms complete the main floor. Downstairs you will find 2 more large bedrooms (1 bedroom + bonus family room) and additional office/den space. There is also a 3 piece bathroom and large storage room. 100 amp electrical, high efficient furnace and a single detached garage in the back. Low maintenance lot with extended back yard. Great starter home at a great price!More details
Courtesy of Curtis J Leibel of MaxWell Devonshire Realty
Welcome to Le Quartier in desirable Bonnie Doon! This stunning top-floor, north-facing suite offers stylish modern living just steps from the Université de Saint-Jean and award-winning La Cité Francophone. Featuring 2 spacious bedrooms and 2 full bathrooms, including a primary suite with ensuite, this bright open-concept home showcases quartz countertops, a large island, stainless steel appliances, hardwood flooring, and elegant neutral finishes. The living and dining areas are filled with natural light and open to a private balcony with pergola and gas hookup—perfect for relaxing or entertaining. Additional features include in-suite laundry, a titled underground parking stall, and secure titled storage. The building offers a community room for residents to enjoy. Exceptional location within walking distance to parks, trails, Mill Creek Ravine, Bonnie Doon Shopping Centre, restaurants, and transit, with easy access to Whyte Avenue, Strathcona, and Downtown. Ideal for professionals, students, or investorsMore details
Presenting an exceptional investment opportunity in the desirable south-central neighborhood of HAZELDEAN. This versatile bungalow features a fully LEGAL two-bedroom basement suite alongside a spacious two-bedroom main floor, which was thoughtfully converted from its original three-bedroom configuration. The property is further enhanced by an oversized, double detached garage with convenient rear-alley access. Ideally situated, the home offers proximity to the Millcreek Ravine, public transportation, schools, and shopping centers, while ensuring excellent connectivity to major corridors including Downtown, the University, Calgary Trail, and Whitemud Drive.More details
Courtesy of Gurpartap Budhel of Sterling Real Estate
WALK TO CLASS, THE HOSPITAL, OR YOUR FAVOURITE CAFÉ IN MINUTES! Welcome to this bright and spacious 2-bedroom condo in Varscona Tower, located just two blocks from the University of Alberta Hospital and minutes from campus. The functional layout offers two large bedrooms, including a primary bedroom with a walk-in closet. The galley-style kitchen opens to a dedicated dining area and an expansive living room with patio doors opening to your private balcony. Additional features include an updated 4-piece bathroom, durable laminate flooring, and one covered underground parking stall. Varscona Tower is a secure, pet-friendly building with board approval, age restriction of 18+, concrete construction, an indoor pool, and easy access to public transit. Enjoy an unbeatable Garneau location near Whyte Avenue, shops, restaurants, cafés, and the River Valley. Perfect for students, professionals, first-time buyers, or investors seeking space, convenience, and value near the University of Alberta. A pleasure to view!More details
Courtesy of Gerard Y Hagan of Sterling Real Estate
Offered for sale is this great 1 bedroom unit located right in the heart of Old Strathcona. Located just mere steps off Saskatchewan Drive, this unit offers a FANTASTIC location close to Edmonton's gorgeous RIVER VALLEY, WHYTE AVE and all of the amenities it offers, UNIVERSITY OF ALBERTA, and quick access to the DOWNTOWN core. Unit has been updated with NEWER LAMINATE FLOORING, NEWER WINDOR COVERINGS, and FRESH PAINT. Unit is available to be PURCHASED FULLY FURNISHED. This unit is PERFECT for a first time home buyer looking to get into the market and start banking some equity or as a great investment property with great income potential and high rental demand due to its close proximity to the U of A. Do not let the size scare you or your clients; unit shows and feels MUCH larger than it actually is due its great layout and functionality. Available for an IMMEDIATE POSSESSION.More details
Data was last updated July 14, 2026 at 03:30 PM (UTC)
Data last updated on July 14, 2026 at 03:30 PM (UTC).
Copyright 2026 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.