MLS® 45564630 · Active
11818 37 Street
Edmonton, Alberta
$1,990,000
Source-listed price. Confirm sale or lease terms and availability.
Enquire about this propertyProperty details
- MLS®
- 45564630
- Status
- Active
- Property type
- Multi-family
- City
- Edmonton
- Year built
- 2026
- Living area
- 6817 square feet
- Listing brokerage
- MaxWell Polaris
About this property
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:65883)
Location
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Listing information provided through CREA DDF®. Listing courtesy of MaxWell Polaris. Source attribution · REALTOR.ca
Details, measurements, price and availability may change and require verification. MLS® and REALTOR® are trademarks of the Canadian Real Estate Association.