7
  • Property Type
  • CMHC MLI Multi Family
  • 22
  • Bedrooms
  • 4
  • Garages
  • 2025
  • Year Built

$2.35m Multi-family 2-story 9-Units 2 blocks away to future major “Train Station”

  • $2,350,000

Description

$2,350,0000. Corner Lot. Total 9 Units: 4 up + 4 down + 1 Garage suite. The Upper unit(4) 3 beds, 2.5 bath, single garage. The Basement unit(4) 2 beds, 1 bath. The garage unit 2 beds. Fully finished and equipped with all appliances and landscaping. Two blocks away to the Future Train Station and Jasper Place Bus Station. Great convenient location in Stony Plain road to public transit and shopping. Currently DP stage and estimated completion is Summer 2026. Photos are 3D rendering for illustration purposes only. The project qualifies for the CMHC MLI Select program with a minimum 5% down payment.
Projected Financing:
  • Monthly rent: $ 15,200 (9 units)
  • Vacancy rate: 5%
  • EGI: $173,280
  • Total Expenses: 33%
  • Cap rate: 5%
  • NOI: $116,150.00
  • Mortgage loan: $2,242,685.22 @4.10%
  • LTV: 95%

Download online Proforma & Floorplan

Details

Updated on August 30, 2025 at 1:34 pm
  • Property ID E4423793
  • Price $2,350,000
  • Bedrooms 22
  • Garages 4
  • Year Built 2025
  • Property Type CMHC MLI Multi Family
  • Property Status Sold
  • Down payment required 117500
  • Total number of Units 9
  • Address: 10202 157 St NW, Edmonton, AB, Canada
  • City: Edmonton
  • State/county: Alberta
  • Zip/Postal Code: T5P 2V1
  • Area: Britannia Youngstown
  • Country: Canada

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