18
  • Property Type
  • CMHC MLI Multi Family
  • 17
  • Bedrooms
  • 3
  • Garages
  • 2025-01-01
  • Year Built

$2,200,000 Parkview Multi-family Corner Lot 7 units with open deck – video

  • $2,200,000

Description

Price $2,200,000. Premium rental portfolio on a Corner Lot!! Own a 3plex total of 7 units in the high-end “Parkview” community. This brand new “3plex townhouse” with legal suites makes a total of “3 up + 3 down units Plus 1 Garage suite”. Main and Second floor 9′ ceiling. The upper unit each has 3 beds, 2.5 baths 1200 sqft with a massive size ‘Open Deck’ that aims for young professional tenants or quality family-oriented tenants. Lower units each have 2 beds and 1 bath. The garage suite has 2 beds and 1 full bath. Three Single detached garages and lots of space for street parking. The property is projected to generate approximately $156,600 in annual gross rent and a cap rate of 4.65%. The price is included fully finished and equipped with all appliances and landscaping. Currently DP stage and estimated completion Spring 2026. Photos are 3D rendering for illustration purposes only. This project qualifies for the CMHC MLI Select program.
Projected Financing:
  • Monthly rent: $ 13,050 (7 units)
  • Vacancy rate: 4.5%
  • EGI: $149,553.00
  • Total Expenses: 32%
  • Cap rate: 4.65%
  • NOI: $102,295.94
  • Mortgage loan: $1,975,183.70 @4.1% (2025/03)
  • LTV: 90%

Property Documents

Proforma 9045 149 street

Video

Details

Updated on August 30, 2025 at 12:36 pm
  • Property ID E4407584
  • Price $2,200,000
  • Bedrooms 17
  • Garages 3
  • Year Built 2025-01-01
  • Property Type CMHC MLI Multi Family
  • Property Status For Sale
  • Down payment required 110000
  • Total number of Units 7

Additional details

  • CMHC MLI Yes
  • Garage suite Yes
  • 9' ceiling on main and second Yes
  • City: Edmonton
  • State/county: Alberta
  • Area: Parkview
  • Country: Canada

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