Active
11411 88 ST NW
Edmonton AB, T5B 3P9
C$1,525,000
C$423.61 per sqft
Active
4 Beds
3.5 Baths
3,600 sqft
Multi-family
Built in 2024
Courtesy of Real Broker, Jordan C Seitz Listing Contact: +1 780-203-2198
TRIPLEX w/ 3 LEGAL SUITES (6 RENTAL UNITS) qualifying for CMHC MLI SELECT. Cash-on-Cash Return of 55.79% (SELF MANAGED) or 43.84% (MANAGED) w/ GST rebate, financing, appraisal & legal fees considered. Projected monthly rent is $9,735 w/ annual gross revenue of $116,820 & cap rate of 5%. Cash Flow After Debt Service - SELF MANAGED $24,637 or $15,525 MANAGED. Quick LRT (train) access to Nait, Grant MacEwan, U of A, Downtown, ICE District, 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 rm. Kitchen w/ pantry, quartz, vinyl plank & SS appliances. Tenants will enjoy 3 large bedrooms, 4pc bath, 4pc ensuite & upper laundry. BSMT SUITES w/ large SOUTH facing windows. Landscaped yard w/ 5 ENERGIZED parking stalls. Be part of Edmonton's downtown gentrification & realize the real estate APPRECIATION many Canadian Cities have seen. Commercial financing required. Rendering used. Ready Fall 2025.
E4416133
MLSⓇ ID
December 16, 2024
Listed
February 3, 2025
Updated
Map
11411 88 ST NW
Edmonton AB, T5B 3P9
Interior Features
Total Stories
3
Bedrooms
4
Total Bathrooms
3.5
Full Bathrooms
3
Half Bathrooms
1
Interior Features
ensuite bathroom
Appliances
Dryer, Stacked Washer/Dryer, Washer, See Remarks, Refrigerators-Two, Stoves-Two, Dishwasher-Two, Microwave Hood Fan-Two
Floor Description
Carpet, Vinyl Plank
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air-2, Natural Gas
Exterior/Building Features
Lot Size
0.12 Acres
Exterior Features
Back Lane, Landscaped, Paved Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby, See Remarks
Architectual Style
2 Storey
Roof
Asphalt Shingles
Other Property Details
Garage
No
Parking
Rear Drive Access, Tandem, See Remarks
View
No
Pool
Yes
Listing History
Date | Event | Price |
|---|---|---|
2/2/2025 | Price change | $1,525,000 -5% |
Courtesy of Real Broker, Jordan C Seitz
Listing Contact: +1 780-203-2198
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Janice Fuller shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Copyright 2025 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data last updated: 2/3/2025 @ 7:17 PM UTC
