$3,500,000 Large 12 units CMHC MLI Edmonton (next to elementary school)
- $3,500,000
- CMHC MLI Multi Family
- 28
- 3
- 2025
$3,500,000 Large 12 units CMHC MLI Edmonton (next to elementary school)
- $3,500,000
Description
$3,500,000. Corner Lot. over 10,000 sqft. Two buildings combine a total of 12 units: 6 Up +6 down + 4 garages. The Upper unit(6) 3 beds, 2.5 bath. The Lower unit(6) 1 beds, 1 bath. Besides K–12 Christian school. Great convenient location to public transit and shopping. Currently Development permit stage and estimated completion is March 2027. Photos are 3D renderings for illustration purposes only. The project qualifies for the CMHC MLI Select program with a minimum 10% down payment.
Projected Financing:
- Monthly rent: $ 20,100 (12 units)
- Vacancy rate: 5%
- EGI: $229,140
- Total Expenses: 30%
- Cap rate: 5%
- NOI: $160,418
- Mortgage loan: $3,150,820 @4.00% (as of 2025/08)
- LTV: 90%
- Down payment: $350,000
Download Proforma
Available: Appraisal report (request by email)
Details
Updated on November 22, 2025 at 1:41 am-
Price $3,500,000
-
Bedrooms 28
-
Garages 3
-
Year Built 2025
-
Property Type CMHC MLI Multi Family
-
Property Status For Sale
-
Down payment required 350000
-
Total number of Units 12
Address
Open on Google Maps-
Address: 13417 122 Ave NW, Edmonton, Alberta
-
City: Edmonton
-
State/county: Alberta
-
Area: Dovercourt
-
Country: Canada
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