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Listed by Peter Chen • MaxWell Polaris
$5,990,000
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 43968143
Year Built 2025
Property Description
New 29-unit multifamily project designed for affordable, stable tenancy. About 67% of units rent below $1,100/month—well under Edmonton's 2024 average of $1,300 for one-bedrooms—offering strong occupancy potential. Prime location within a 5-minute walk to the future LRT station, with schools and shopping nearby. Estimated completion scheduled for the April of 2027—an excellent opportunity to secure a modern, low-maintenance investment property in a growing Edmonton area. Great benefit - Buyer to assume an already approved CMHC MLI Select mortgage loan in order to save about 2.5% ($130,000) CMHC premium fee. Contact for more details. Photos are virtual renderings. Exterior siding might be different
Location
Province AB
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