University property investor! 3 Story Total 5 units 4382.4 sqft. with 14 beds & 14 baths. 3 story Front-back Duplex + 2 basement units (each 610 sqft.) + 1 garage suite (678 sqft.) & 2 single garage parkings. Financing available CMHC MLI. The project layouts are designed for “university students” rental. The property is projected to generate approximately $115,200 in annual gross rent and cap rate of 4.6%. It is fully finished and equipped with all appliances and landscaping. 2 minute walk to the bus station and directly to the University of Alberta or to Southgate shopping center. The project is estimated to be completed in 2025.
