University of Alberta 6 units (3 story) Allendale community
- $2,100,000
University of Alberta 6 units (3 story) Allendale community
- $2,100,000
Description
Rare 3-storey, 4604 sqft. 6-unit investment opportunity in the University of Alberta area with incredible student-rental potential — up to 26 bedrooms in total. The TWO upper units: each has 3 bedrooms and 2.5 baths. The TWO lower units: each comes with 3 bedrooms and 2.5 baths. The two Garage suites are both 1-bedroom, 1-bath.
Priced at $2.1M, this full development includes a side-by-side duplex plus two garage suites, offering strong rental flexibility and long-term upside. With the City of Edmonton’s recent new bylaw change to limit building height to 9.5m, this may be one of the last opportunities to own a 3-storey project approved at approximately 10.5m — making it a truly rare find in the University area.
Buyers can hold the entire project as a high-performing rental property, with future flexibility to subdivide the duplexes. The design is also well-suited for CMHC MLI Select financing.
Estimated completion is June 2027, perfectly timed for the Fall 2027 University of Alberta student rental season.
Details
Updated on June 17, 2026 at 1:00 pm-
Price $2,100,000
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Bedrooms 12
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Bathrooms 10
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Garages 4
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Year Built 2026
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Property Type CMHC MLI Multi Family
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Property Status For Sale
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Down payment required 105000
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Total number of Units 6
Additional details
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Builder Structerra Homes
Address
Open on Google Maps-
Address: 10816 61 Ave NW Edmonton, Alberta
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City: Edmonton
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State/county: Alberta
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Area: Allendale
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Country: Canada
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