Edmonton, Alberta

7805458888

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$1.8m CMHC MLI 5% down buy 7 units

2119 48 St NW, Edmonton, AB T6L 2W7, Canada
$1,800,000

Description

Price to sale $1,800,000. Great investment! CMHC MLI 5% down($90,000) payment deal. Multi-family 3 plex 7-units multi-family project is waiting for you. Located one stop to Edmonton Mill Woods Town Center(90 retailers including Canadian Tire and Shoppers Drug Mart). Each Upper unit is about 1200 sqft. 3 beds, 2.5 baths and single detached garage. Each Basement unit is about 600 sqft. 1+Den. Garage suite has 2 beds and 1 full bath. Landscaping and appliances are included. The project is scheduled to be completed by Spring 2026. Gross rent $142,200. Cap rate 5%. The buyer only required 5% down payment to qualify CMHC MLI for this project. Photos are 3D rendering for illustration purposes only. Current stage finalize floorplan. The seller require 5% down payment with the buyer’s condition of receiving the COI Certificate. The project proforma is available for download.

Projected Financing:
  • Monthly rent: $ 11,850 (7 units)
  • Vacancy rate: 5%
  • EGI: $135,090
  • Total Expenses: 32%
  • Cap rate: 5%
  • NOI: $91,236.88
  • Mortgage loan: $1,717,629.93 @4.25%
  • LTV: 95%

Property Documents

  • Address: 2119 48 street NW Edmonton
  • City: Edmonton
  • State/county: Alberta
  • Neighborhood: Pollard Meadows
  • Country: Canada

Detail

Updated on February 3, 2025 at 2:09 pm

  • Price: $1,800,000
  • Garage: 3
  • Year Built: 2025
  • Property Type: Multi Family Home
  • Property Status: For Sale

Features