11818 37 Street,Edmonton, AB T5W2B8
Edmonton, AB T5W2B8
Description
BRAND NEW 7-UNIT MULTI-FAMILY - MLI SELECT POTENTIAL - EDMONTONExceptional opportunity to acquire a brand-new 7-unit multi-family property in Edmonton featuring a highly desirable mix of 2-, 3- and 5-bedroom suites, modern finishes and strong projected income.The property offers approximately 6,817 sq. ft. of total building area on a 575.65 m² lot, with stainless-steel appliances, spacious living areas, private outdoor/deck areas, stacked laundry, individual heating/hot water systems and HRV ventilation.Projected gross revenue of $148,200 annually and NOI of $107,525, with an underwriting value of $2,050,000 and projected 5.25% cap rate.The project may qualify for CMHC MLI Select financing, subject to lender and CMHC approval, potentially providing enhanced financing terms and leverage.New construction, diversified rental income and family-oriented suite sizes make this an attractive long-term investment opportunity.Landscaping and finishing touches in progress. (id:13843)
Details
| MLS # | 45564630 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 2026 |
| Days On Site | 55 |
| Listing Provided By | MaxWell Polaris | Terry Major |
Features
| SQ Feet | 6,817 |
|---|---|
| Acreage | 0.14 |
Interior
| Fireplace Yes / No | No |
|---|
Area Information
| Province | AB |
|---|---|
| City | Edmonton |
| Postal Code | T5W2B8 |
| Listing VS Median (in T5W2B8) | |
Price: $1,990,000 low | high Med: $1,990,000 sqft: 6,817 low | high Med: 6,817 $ / sqft: $292 low | high Med: $292 On site: 55 low | high Med: 55 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Edmonton |
| Postal Code | T5W2B8 |
| Listing VS Median (in T5W2B8) | |
Price: $1,990,000 low | high Med: $1,990,000 sqft: 6,817 low | high Med: 6,817 $ / sqft: $292 low | high Med: $292 On site: 55 low | high Med: 55 | |