$1.835m CMHC MLI 5% down buy 7 units
- $1,835,000
$1.835m CMHC MLI 5% down buy 7 units
- $1,835,000
Description
Price to sale $1,835,000. Great investment! CMHC MLI 5% down($91,750) 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 $141,600. 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: $ 11,800 (7 units)
- Vacancy rate: 5%
- EGI: $134,520
- Total Expenses: 33%
- Cap rate: 5%
- NOI: $90,712.50
- Mortgage loan: $1,751,524.61 @4.10%
- LTV: 95%
Download online Proforma
Details
Updated on August 30, 2025 at 1:54 am-
Price $1,835,000
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Garages 3
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Year Built 2025
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Property Type CMHC MLI Multi Family
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Property Status For Sale
Address
Open on Google Maps-
Address: 2119 48 street NW Edmonton
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City: Edmonton
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State/county: Alberta
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Area: Pollard Meadows
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Country: Canada
Features
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