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Home AB Greater Edmonton Edmonton Parkdale
11411 88 ST NW
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11411 88 ST NW $1,525,000
$1,525,000
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11411 88 ST NW
Edmonton, Alberta T5B3P9

MLS® Number: E4416137

Listing Description

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. (32155122)

Property Summary

Property Type
Multi-family
Neighbourhood Name
Parkdale (Edmonton)
Land Size
5443 sqft
Built in
2024
Total Parking Spaces
6
Time on REALTOR.ca
74 days

Legal Description

Plan :- RN43B Block :- 78 Lot :- 4

Building

Parking
Total Parking Spaces
6

Measurements

Square Footage
3600 sqft
Data provided by: REALTORS® Association of Edmonton 101 - 18354 118 Avenue NW Avenue, EDMONTON, Alberta T5S 2G2

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