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MLS® 45564630

Overview

Key Facts

Type 
Levels Residential Income
Size 6817 sqft
Garage 
Taxes 
Days Active 4
Lot Size 6197.5233 SF
Approx. Age 2026
Avg. Price Per Sqft $291
MLS® Number 45564630

Property Address: 11818 37 St Nw, Edmonton, AB, T5W2B8

Average square foot calculated using Size range provided by listing agent.

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:58753)Show Description
MLS® Number45564630
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2026
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

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