Apartment 9-unit ready for 2026 (CMHC MLI qualify)
- $2,100,000
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%)
Video
Details
Updated on May 25, 2026 at 12:58 pm-
Price $2,100,000
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Property Type CMHC MLI Multi Family
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Property Status For Sale
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Total number of Units 9
Address
Open on Google Maps-
City: Edmonton
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State/county: Alberta
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Area: Westwood
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Country: Canada
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