TRIPLEX w/ 3 LEGAL SUITES (6 RENTAL UNITS) qualifying for CMHC MLI SELECT. Cash-on-Cash Return of 47.92% (SELF MANAGED) or 36.57% (MANAGED) w/ GST rebate, financing, appraisal & legal fees considered. Projected monthly rent is $9,750 w/ annual gross revenue of $117,000 & cap rate of 5.49-6.06%. Cash Flow After Debt Service - SELF MANAGED $22,442 or $13,363 MANAGED. LRT access to Grant MacEwan, U of A, Downtown, ICE District. Close to Kingsway Mall, Royal Alex & Glenrose Hospital. Three 2-Storey Suites w/ 3 bed/2.5 bath & Three 1 bed/bath BSMT SUITES. 3-bed plan w/ built in bench at entry & 5x5 storage. Kitchen w/ pantry, quartz, vinyl plank & SS appliances. Tenants enjoy 3 large bedrms, 4pc bath, 4pc ensuite & upper laundry. BSMT SUITES w/ large SOUTH windows. 3 ENERGIZED parking stalls. Final lot grading. Wrapped foundation. Be part of Edmonton’s downtown gentrification & realize the real estate APPRECIATION many Canadian Cities have seen. Commercial financing required. Rendering used. Ready FEB 2026. (id:51532)
| Property Summary |
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| Building |
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| Level | Rooms | Dimensions |
|---|---|---|
| Basement | Bedroom 4 | Measurements not available |
| Second Kitchen | Measurements not available | |
| Main level | Living room | Measurements not available |
| Dining room | Measurements not available | |
| Kitchen | Measurements not available | |
| Upper Level | Primary Bedroom | Measurements not available |
| Bedroom 2 | Measurements not available | |
| Bedroom 3 | Measurements not available |
| Features | |||||
|---|---|---|---|---|---|
| Paved lane | Lane | Rear | |||
| Stall | See Remarks | Dryer | |||
| Washer/Dryer Stack-Up | Washer | See remarks | |||
| Refrigerator | Two stoves | Dishwasher | |||
| Suite | Vinyl Windows | ||||
