$3,500,000 12 plex(12 units) Multi-family next to elementary school & park
- $3,500,000
- CMHC MLI Multi Family
- 24
- 2025
$3,500,000 12 plex(12 units) Multi-family next to elementary school & park
- $3,500,000
Description
$3,500,000 Beautiful location. between two community parks and a school. Corner Lot. Total 12 units townhouses: 6 up + 6 down. The Upper unit(6) 3 beds, 2.5 bath. The Lower unit(6) 1 bed, 1 bath. The project is beside Woodcraft Elementary School & playground & next to two large community parks. Great convenient location to public transit and shopping. Currently, the site plan stage and estimated completion June 2027. The project qualifies for the CMHC MLI Select program with a minimum 10% down payment.
Projected Financing:
- Monthly rent: $ 21,000 (12 units)
- Vacancy rate: 5%
- EGI: $239,400
- Total Expenses: 30%
- Cap rate: 5%
- NOI: $167,438
- Mortgage loan: $3,162,770 @4.23% (as of 2026/04)
- LTV: 90%
- Down payment: $350,000 (10%)
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Details
Updated on June 16, 2026 at 10:52 pm-
Price $3,500,000
-
Land Area 6815 Sq ft
-
Bedrooms 24
-
Year Built 2025
-
Property Type CMHC MLI Multi Family
-
Down payment required 350000
-
Total number of Units 12
Address
Open on Google Maps-
Address: 11515 139 street NW Edmonton
-
City: Edmonton
-
State/county: Alberta
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Area: Woodcraft
-
Country: Canada
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