13
  • Property Type
  • CMHC MLI Multi Family

Apartment 9-unit ready for 2026 (CMHC MLI qualify)

  • $2,100,000

Description

Affordable CMHC MLI Select is here! This brand-new 3-story 9-unit Apartment is purpose-built for low vacancy and stable, long-term tenancy – specific design for affordable living tenants. The building features FOUR spacious 2-bed/2-bath suites (761 sqft), FOUR large 1-bed/1-bath suites (564 sqft), and ONE compact 1-bed/1-bath suite (394 sqft). Location is unparalleled: backing onto 97 Street, it offers massive public transit access. Tenants are perfectly positioned just 5 minutes from NAIT, Kingswall Mall, and Walmart Supermarket, and a quick 10-minute commute to the Downtown core and Northgate Centre. Ideally designed to attract high-demand tenants of students, Kingsway Mall employees, Downtown professionals, and budget-conscious renters. This is a premier, turnkey addition to any portfolio! Completion estimated for the end of 2026.

Projected Financing:

  • Monthly rent: $ 13,400 (9 units)
  • Vacancy rate: 5%
  • EGI: $155,040
  • Total Expenses: 36%
  • Cap rate: 5%
  • NOI: $99,750
  • Mortgage loan: $1,877,898 @4.25% (as of 2026/04)
  • LTV: 95%
  • Down payment: $206,598 (9%)
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Details

Updated on May 25, 2026 at 12:58 pm
  • Price $2,100,000
  • Property Type CMHC MLI Multi Family
  • Property Status For Sale
  • Total number of Units 9
  • City: Edmonton
  • State/county: Alberta
  • Area: Westwood
  • Country: Canada

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