TRIPLEX w/ 3 LEGAL SUITES (6 RENTAL UNITS) qualifying for CMHC MLI SELECT. Cash-on-Cash Return of 55.79% (SELF MANAGED) or 43.84% (MANAGED) w/ GST rebate, financing, appraisal & legal fees considered. Projected monthly rent is $9,735 w/ annual gross revenue of $116,820 & cap rate of 5%. Cash Flow After Debt Service - SELF MANAGED $24,637 or $15,525 MANAGED. Quick LRT (train) access to Nait, Grant MacEwan, U of A, Downtown, ICE District, 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 rm. Kitchen w/ pantry, quartz, vinyl plank & SS appliances. Tenants will enjoy 3 large bedrooms, 4pc bath, 4pc ensuite & upper laundry. BSMT SUITES w/ large SOUTH facing windows. Landscaped yard w/ 5 ENERGIZED parking stalls. Be part of Edmonton’s downtown gentrification & realize the real estate APPRECIATION many Canadian Cities have seen. Commercial financing required. Rendering used. Ready Fall 2025.
Address
11411 88 ST NW
List Price
$1,525,000
Property Type
Residential
Type of Dwelling
Triplex
Style of Home
2 Storey
Area
Edmonton
Sub-Area
Parkdale (Edmonton)
Bedrooms
4
Bathrooms
4
Floor Area
3,600 Sq. Ft.
Lot Size
5442.56 Sq. Ft.
Lot Shape
Rectangular
Year Built
2024
MLS® Number
E4416133
Listing Brokerage
Real Broker
Postal Code
T5B 3P9
Zoning
Zone 05
Parking
Rear Drive Access, Tandem, See Remarks
Community Features
Hot Water Tankless, Parking-Extra, Vinyl Windows, Infill Property, HRV System
Exterior Features
Back Lane, Landscaped, Paved Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby, See Remarks
Interior Features
ensuite bathroom
Heat Type
Forced Air-2, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
West
Foundation Details
Concrete Perimeter
Garage Type
No
Roof
Asphalt Shingles
Access To Property
Paved
