For Sale: 11818 37 Street, Edmonton, AB - REW
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$1,990,000
0 bd • ba • 6817 sf • Multifamily
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11818 37 Street - Placeholder image
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$1,990,000
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11818 37 StreetEdmonton, AB, T5W 2B8

Beacon Heights
  • 0 Bed
  • Bath
  • 6817 Sqft
  • Multifamily

About this home

BRAND NEW 7-UNIT MULTI-FAMILY - MLI SELECT POTENTIAL - EDMONTONExceptional opportunity to acquire a brand-new 7-unit multi-family property in Edmonton featuring a highly desirable mix of 2-, 3- and 5-bedroom suites, modern finishes and strong projected income.The property offers approximately 6,817 sq. ft. of total building area on a 575.65 m² lot, with stainless-steel appliances, spacious living areas, private outdoor/deck areas, stacked laundry, individual heating/hot water systems and HRV ventilation.Projected gross revenue of $148,200 annually and NOI of $107,525, with an underwriting value of $2,050,000 and projected 5.25% cap rate.The project may qualify for CMHC MLI Select financing, subject to lender and CMHC approval, potentially providing enhanced financing terms and leverage.New construction, diversified rental income and family-oriented suite sizes make this an attractive long-term investment opportunity.Landscaping and finishing touches in progress. (id:63626)
Listed by: Terry Major, Salesperson, MaxWell Polaris

Home facts and features

Price details
List Price
$1,990,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
6197 ft²
Depth
Year Built
Built in 2026 (0 yrs old)
Community
Agent details
Primary Agent
Terry Major
Primary Broker
MaxWell Polaris
Secondary Agent
Secondary Broker
MaxWell Polaris
Listing details
Days on REW
1 Day
MLS® Number
45564630
Source
Canadian Real Estate Association
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Purchase Price
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25 Years
Interest Rate
3.99%

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Property Insights

St. Bernadette School
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Abbott School
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St. Nicholas School
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Partners For Youth
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Beacon Heights School
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St. Jerome School
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Princeton School
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St. Vladimir Elementary School
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Delwood School
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St. Isidore Learning Centre
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Call Agent
Terry Major
Phone:
780-212-3111
Office:
780-450-6300
Ian Fletcher
Phone:
(780) 913-4663
Office:
780-450-6300
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