1 month ago
$1,990,000
11818 37 Street
Edmonton, Alberta · T5W2B8
MLS® Number: 45564630
- 6,817Square Feet
Listing 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:65883)
Property Summary
- Property Type
- Multi-family
- Square Footage
- 6,817 sqft
- Built in
- 2026
- Listed
- 1 month ago
Building
Building Features
- Year Built
- 2026
Land
Lot
- Lot Size
- 6197.5233 square feet
- Lot Dimensions
- 6197.523315933562





