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Ken Kunkel

[email protected] +1(780) 993-1199

$ 1,525,000

Est. payment -/mo

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11411 88 ST NW Edmonton, AB T5B 3P9

4 Beds

3.5 Baths

3,600 SqFt

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

Listed by Jordan C Seitz • Real Broker

Ken Kunkel

Broker/Owner

+1(780) 993-1199

Ken Kunkel

11411 88 ST NW Edmonton, AB T5B 3P9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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11411 88 ST NW