11
  • Property Type
  • CMHC MLI Multi Family
  • 20
  • Bedrooms
  • 5156 Sq Ft
  • Area Size
  • 2024
  • Year Built

$2,450,000 Meadowlark Multi-family 8 units next to train (LRT) station

  • $2,450,000

Description

$2,450,000. Facing the city park. Multi-family 4plex 8 units: Upstairs: 4 units + Basement 4 units. Located in the most popular Meadowlark community in Edmonton. The next 2-door neighbor is the Future Train Station to the West Edmonton Mall. Great for long-term rental investment. Potential to build up to 10 units

  • Unit 1: 1293 sqft. (3 beds), rent $2,100/m
  • Unit 2: 1285 sqft. (3 beds), rent $2,100/m
  • Unit 3: 1285 sqft. (3 beds), rent $2,100/m
  • Unit 4: 1293 sqft. (3 beds), rent $2,100/m
  • Unit 5: 639 sqft. (2 beds), rent $1,400/m
  • Unit 6: 639 sqft. (2 beds), rent $1,400/m
  • Unit 7: 639 sqft. (2 beds), rent $1,400/m
  • Unit 8: 639 sqft. (2 beds), rent $1,400/m

Projected Financing:

  • Monthly rent: $ 14,000 (8 units)
  • Vacancy rate: 5%
  • EGI: $160,440
  • Total Expenses: 30%
  • Cap rate: 5%
  • NOI: $112,172
  • Mortgage loan: $2,165,885 @4.10% (as of 2025/10)
  • LTV: 88%
  • Down payment: $284,115

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Details

Updated on October 26, 2025 at 3:23 am
  • Price $2,450,000
  • Property Size 5156 Sq Ft
  • Bedrooms 20
  • Year Built 2024
  • Property Type CMHC MLI Multi Family
  • Property Status For Sale
  • Down payment required 318500
  • Total number of Units 8

Additional details

  • Gross rent 152400
  • Cap rate 4.5%
  • Builder JR Wilson Construction Ltd.
  • City: Edmonton
  • State/county: Alberta
  • Area: Meadowlark
  • Country: Canada

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