11411 88 ST NW Active Save Request In-Person Tour Request Virtual Tour
Edmonton,AB T5B 3P9
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $423
MLS Listing ID E4416133
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 2024
Lot Size 5,442 Sqft
Acres 0.124939464
Property Sub-Type Triplex
Property 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.
Location
Province AB
Zoning Zone 05
Rooms
Basement Full,Finished
Interior
Interior Features ensuite bathroom
Heating Forced Air-2,Natural Gas
Flooring Carpet,Vinyl Plank
Appliance Dryer,Stacked Washer/Dryer,Washer,See Remarks,Refrigerators-Two,Stoves-Two,Dishwasher-Two,Microwave Hood Fan-Two
Exterior
Exterior Feature Back Lane,Landscaped,Paved Lane,Playground Nearby,Public Swimming Pool,Public Transportation,Schools,Shopping Nearby,See Remarks
Community Features Hot Water Tankless,Parking-Extra,Vinyl Windows,Infill Property,HRV System
Roof Type Asphalt Shingles
Garage false
Building
Story 3
Foundation Concrete Perimeter
Architectural Style 2 Storey
Others
Tax ID 0015453293