13
  • Property Type
  • CMHC MLI Multi Family

Apartment 8-unit ready for May 2027 (CMHC MLI qualify)

  • $1,950,000

Description

Affordable CMHC MLI Select is here! This brand-new 3-story 8-unit Apartment is purpose-built for low vacancy and stable, long-term tenancy – specific design for affordable living tenants. The building features FOUR spacious 2-bed/2-bath suites (761 sqft), Three large 1-bed/1-bath suites (564 sqft), and ONE compact 1-bed/1-bath suite (394 sqft). Location is unparalleled: backing onto 97 Street, it offers massive public transit access. Tenants are perfectly positioned just 5 minutes from NAIT, Kingswall Mall, and Walmart Supermarket, and a quick 10-minute commute to the Downtown core and Northgate Centre. Ideally designed to attract high-demand tenants of students, Kingsway Mall employees, Downtown professionals, and budget-conscious renters. This is a premier, turnkey addition to any portfolio! Completion estimated for the end of May 2027.

Projected Financing:

  • Monthly rent: $ 12,750 (8 units)
  • Vacancy rate: 5%
  • EGI: $145,350
  • Total Expenses: 36%
  • Cap rate: 5%
  • NOI: $94,635
  • Mortgage loan: $1,752,183@4.35% (as of 2026/10)
  • LTV: 90%
  • Down payment: 10%
Download Proforma 
Download Floorplan 

Video

Details

Updated on October 13, 2026 at 11:51 pm
  • Price $1,950,000
  • Property Type CMHC MLI Multi Family
  • Property Status For Sale
  • Total number of Units 8
  • City: Edmonton
  • State/county: Alberta
  • Area: Westwood
  • Country: Canada

Similar Listings

Compare listings

Compare