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11818 37 Street, Edmonton, Alberta, T5W 2B8

MLS® # 45564630
new listing
Investment For Sale In Beacon Heights, Edmonton, Alberta
$1,990,000
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MULTIMEDIA

11818 37 Street, Edmonton, Alberta, T5W 2B8
$1,990,000

Property Information:

BRAND NEW 7-UNIT MULTI-FAMILY - MLI SELECT POTENTIAL - EDMONTONExceptional opportunity to acquire a brand-new 7-unit multi-family property in Edmonton featuring a highly desirable mix of 2-, 3- and 5-bedroom suites, modern finishes and strong projected income.The property offers approximately 6,817 sq. ft. of total building area on a 575.65 m² lot, with stainless-steel appliances, spacious living areas, private outdoor/deck areas, stacked laundry, individual heating/hot water systems and HRV ventilation.Projected gross revenue of $148,200 annually and NOI of $107,525, with an underwriting value of $2,050,000 and projected 5.25% cap rate.The project may qualify for CMHC MLI Select financing, subject to lender and CMHC approval, potentially providing enhanced financing terms and leverage.New construction, diversified rental income and family-oriented suite sizes make this an attractive long-term investment opportunity.Landscaping and finishing touches in progress. (id:27)

Building Features:

  • Floor Space: 6817 sqft Square Feet

Property Features:

  • Property Type: Multi-family
  • Built in: 2026
  • Floor Space (approx): 6817 Square Feet
  • Irregular: Yes
  • Lot Size: 6197.52 Square Feet

Courtesy of: MaxWell Polaris

REALTOR.ca  

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Market Price Trends

Single family detached

4.89%

Price change (1 year)

24.24%

Price change (5 years)

All Properties

4.71%

Price change (1 year)

23.93%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 11818 37 Street, Edmonton, Alberta, T5W 2B8

Demographic Information of 11818 37 Street, Edmonton, Alberta, T5W 2B8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,742.57

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.61 %

High school certificate or equivalent

38.12 %

Apprenticeship trade certificate/diploma

9.6 %

College/non-university certificate

17.04 %

University Degree

8.62 %

Commuter

Travel To Work

By Car

85.05 %

By Public Transit

10.19 %

By Walking

1.47 %

By Bicycle

0.0 %

By Other Methods

3.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.56 %

Houses

49.44 %

Own Vs. Rent

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