Rare opportunity to own a cash-flowing legal rooming house in Ritchie, one of Edmonton’s most sought-after central communities. This income property features a ~900 sq ft self-contained 1-bedroom suite plus 8 private rental rooms across two levels. The main suite offers stable, long-term income with a tenant since 2009, while rooms rent for $500–$550/month. Updates include a new roof and 3 fully renovated rooms, creating immediate upside with ready-to-lease inventory. The functional 4-up/4-down layout with two half kitchens and multiple bathrooms is ideal for investors, multigenerational living, or an owner-occupier seeking a mortgage helper. Prime location steps to Whyte Ave, Mill Creek Ravine, transit, schools, and the University area ensures rental demand and long-term growth. Strong income with upside potential.
Courtesy of Ricky Aujla of Century 21 Bravo Realty
Data was last updated April 29, 2026 at 11:30 AM (UTC)
Area Statistics
Listings on market:
46
Avg list price:
$527,450
Min list price:
$339,900
Max list price:
$1,699,900
Avg days in system:
34
Min days in system:
2
Max days in system:
250
Avg price per sq.ft.:
$447.16
These statistics are generated based on the current listing's property type
and located in
Zone 17. Average values are
derived using median calculations. This data is not produced by
The Association's MLS® System.
Data last updated on April 29, 2026 at 11:30 AM (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.
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