11818 37 Street
Edmonton, Alberta
MLS® 45564630
$1,990,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 45564630
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2026
Listing description
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.
Property summary
- MLS® number
- 45564630
- Property type
- Multi-family
- Square footage
- 6,817 sq ft
- Land size
- 6197.5233 square feet
- Built in
- 2026
- Days on market
- 13 days
What would this home cost you?
Based on the $1,990,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of MaxWell Polaris, Edmonton.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.