$2,450,000 Meadowlark Multi-family 8 units next to train (LRT) station
- $2,450,000
- CMHC MLI Multi Family
- 20
- 5156 Sq Ft
- 2024
$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
Video
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.
Address
Open on Google Maps-
City: Edmonton
-
State/county: Alberta
-
Area: Meadowlark
-
Country: Canada
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