University Alberta Premium Lot $1.67M to build 35 unit apartment
- $1,670,000
University Alberta Premium Lot $1.67M to build 35 unit apartment
- $1,670,000
Description
10-minute “Walk” to the University of Alberta and University Hospital in the community of the “Garneau” area. Price: $1.67M for two combined Lots (total 808 m2, zone RM H23) to build a 3-story, 35-unit apartment with a basement (price includes the design floor plan) or to build up to a 6-story apartment. CMLS assessment CMHC value: $8,376,600. Value per unit: $239,331/per unit at completion.
Price $1.67 highlights:
- Total combined lot size: 802 m2
- Zone: RM h23 (up to 6 stories)
- Walking distance to the University of Alberta and Hospital
- Includes: floor plan design for a 3-story, 35-unit apartment
Total of 35 units:
- Studio (3)
- 1 bed/1 bath (13)
- 1 bed + Den/ 1 bath (9)
- 2 bed/ 1 bath (1)
- 2 bed/ 2 bath (9)
Project highlights:
- Monthly rent: $ 56,800(35 units)
- Vacancy rate:3%
- EGI: $661,152
- Total Expenses: 36.65%
- Cap rate: 5%
- NOI: $418,830
- LTV: 7%
- CMHC value: $8,376,600
Details
Updated on August 23, 2026 at 12:54 pm-
Price $1,670,000
-
Land Area 808 m2
-
Property Type Apartment, CMHC MLI Multi Family
-
Property Status For Sale
Address
Open on Google Maps-
Address: 11008 85 Ave NW Edmonton
-
City: Edmonton
-
State/county: Alberta
-
Area: Garneau
-
Country: Canada
Similar Listings
University of Alberta 6 units (3 story) Allendale community
- $2,100,000
2 months ago
56 units Apartment underground parkings – facing train station
- $11,000,000
2 months ago
High efficiency 24 townhouses facing park near Edmonton downtown
- $8,150,000
2 months ago
- yandp2000ca

