Edmonton, Alberta

7805458888

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$1.7m University of Alberta 5 units (10% down pay)

11436 78 Ave NW, Edmonton, AB T6G 0N3, Canada
$1,700,000

Description

University Alberta property investor! Front & Back Duplex in a total of 5 units: Front & Back units(3 beds each), two basement units(2 beds each), and one garage suite(2 beds). The property is projected to generate approximately $114,600 in annual effective gross rent and cap rate of 4.65%. Including all appliances, landscaping, and 2 single detached garages. Walk to the train (LRT) station and 2 stops to the University of Alberta. The project is estimated to be completed in the at the end of 2025. Suitable CMHC MLI Select program. Currently DP permit. Photos are 3D rendering for illustration purposes only.

Projected Financing (2025-03-08):
  • Monthly rent: $ 9,800 (5 units)
  • Vacancy rate: 4.5%
  • EGI: $114,600
  • Total Expenses: 32%
  • Cap rate: 4.65%
  • NOI: $78,487.50
  • Mortgage loan: $1,528,445.58 @4.05%
  • LTV: 90%
  • Down payment: 10%
Download online Proforma & Floorplan
  • Address: 10723 81 Ave NW, Edmonton, AB T6E 1Y2, Canada
  • City: Edmonton
  • State/county: Alberta
  • Neighborhood: McKernan
  • Country: Canada

Detail

Updated on March 8, 2025 at 6:19 pm

  • Price: $1,700,000
  • Bedrooms: 12
  • Garage: 2
  • Year Built: 2025
  • Property Type: CMHC MLI Multi Family
  • Property Status: For Sale

Additional details

  • Garage suite: Yes