1
  • Property Type
  • Apartment, CMHC MLI Multi Family
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56 units Apartment underground parkings – facing train station

  • $10,500,000

Description

Rare found! The 6-story apartment has underground parking and bike parking. Elevator and Amenity. Suitable for workers or families commuting between downtown Edmonton and West Edmonton Mall. All units include an ensuite laundry. Tenant pays electricity only. West Edmonton’s prime location is close to the new Jasper Place train station. Next to the park and the famous, The Orange Hub, building. Between Edmonton Downtown and West Edmonton Mall. 15 mins to each destination, Edmonton 56-unit apartment facing Jasper Place train station and public transit station. The total of 56 units: one-bedroom unit (39) & two-bedroom units(17) with total “11” underground parkings. Average price $187,500/ per unit.

 

Projected Financing:

  • Monthly rent: $ 72,100 (56 units)
  • Vacancy rate: 4.5%
  • EGI: $826,266
  • Total Expenses: 39%
  • Cap rate: 4.85%
  • NOI: $506,981
  • Mortgage loan: $9,544,456 @4.25% (as of 2026/06)
  • Down payment: $945,000 (9%)
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Details

Updated on June 14, 2026 at 10:33 pm
  • Price $10,500,000
  • Property Type Apartment, CMHC MLI Multi Family
  • Down payment required 945000
  • Total number of Units 56
  • City: Edmonton
  • State/county: Alberta
  • Country: Canada

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