TRIPLEX w/ 3 LEGAL SUITES (6 RENTAL UNITS) qualifying for CMHC MLI SELECT. Cash-on-Cash Return of 47.92% (SELF MANAGED) or 36.57% (MANAGED) w/ GST rebate, financing, appraisal & legal fees considered. Projected monthly rent is $9,750 w/ annual gross revenue of $117,000 & cap rate of 5.49-6.06%. Cash Flow After Debt Service - SELF MANAGED $22,442 or $13,363 MANAGED. LRT access to Grant MacEwan, U of A, Downtown, ICE District. Close to Kingsway Mall, Royal Alex & Glenrose Hospital. Three 2-Storey Suites w/ 3 bed/2.5 bath & Three 1 bed/bath BSMT SUITES. 3-bed plan w/ built in bench at entry & 5x5 storage. Kitchen w/ pantry, quartz, vinyl plank & SS appliances. Tenants enjoy 3 large bedrms, 4pc bath, 4pc ensuite & upper laundry. BSMT SUITES w/ large SOUTH windows. 3 ENERGIZED parking stalls. Final lot grading. Wrapped foundation. Be part of Edmonton’s downtown gentrification & realize the real estate APPRECIATION many Canadian Cities have seen. Commercial financing required. Rendering used. Ready FEB 2026.
Data was last updated April 14, 2025 at 05:30 PM (UTC)
Area Statistics
Listings on market:
27
Avg list price:
$479,000
Min list price:
$229,900
Max list price:
$1,599,900
Avg days on market:
28
Min days on market:
1
Max days on market:
88
Avg price per sq.ft.:
$352.29
These statistics are generated based on the current listing's property type
and located in
Zone 08. Average values are
derived using median calculations.