5
  • Property Type
  • CMHC MLI Multi Family
  • 12
  • Bedrooms
  • 10
  • Bathrooms
  • 4
  • Garages
  • 2026
  • Year Built

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
  • Bedrooms 12
  • Bathrooms 10
  • Garages 4
  • Year Built 2026
  • Property Type CMHC MLI Multi Family
  • Property Status For Sale
  • Down payment required 105000
  • Total number of Units 6

Additional details

  • Builder Structerra Homes
  • Address: 10816 61 Ave NW Edmonton, Alberta
  • City: Edmonton
  • State/county: Alberta
  • Area: Allendale
  • Country: Canada

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