11323 106 ST, Edmonton, AB, T5G 2P6

Courtesy of Dustin Beech of Initia Real Estate

$2,099,000

MLS® # E4468078

House For Sale In Spruce Avenue, Edmonton, Alberta

$2,099,000

  • 4

    Bedrooms

  • 4

    Baths

  • 3

    Parking Spaces

Property Information:

Brand new 4-plex with 8 fully legal units in central Edmonton! Each main unit features 3 bedrooms, 2.5 baths, and 1,395 sq ft, plus a fully self-contained 1 bedroom, 1 bath basement suite (686 sq ft) with separate entrance and in-suite laundry. Modern finishes throughout, separate utility meters, and parking included. Projected gross rent of $163,200/year with 5–6% cap rate potential. Ideally located near NAIT, Royal Alexandra Hospital, downtown, and major transit routes. No rent control, low property taxes, and a strong rental market make this a perfect turnkey investment. Future condo title potential. A rare opportunity for cash-flow-focused buyers in one of Canada’s most landlord-friendly markets.

Building Features:

  • Floor Space: 517.15

Property Features:

  • Bedrooms: 3+1
  • Bathrooms: 3+1
  • Amenities Features: Ceiling 9 ft., Detectors Smoke, Exterior Walls- 2"x6", No Animal Home, No Smoking Home, Vinyl Windows
  • Appliances: Dishwasher-Built-In, Dryer, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer, See Remarks
  • Architectural Style: 2 Storey
  • Basement: Full, Finished
  • Basement Development: Fully Finished
  • Basement Type: Full
  • Building Type: Fourplex
  • Built in: 2025
  • Community Features: Ceiling 9 ft., Detectors Smoke, Exterior Walls- 2"x6", No Animal Home, No Smoking Home, Vinyl Windows
  • Exterior Features: Back Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
  • Floor Space (approx): 517.15 Square Metres
  • Flooring: Carpet, Vinyl Plank
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air-2, Natural Gas
  • Lot Shape: Rectangular
  • Parking Features: Parking Pad Cement/Paved
  • Road Access: Paved
  • Roof: Asphalt Shingles
  • Site Influences: Back Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
  • Zoning: Zone 08
  • No. of Parking Spaces: 3

Courtesy of: Initia Real Estate

Data was last updated 2025-12-13 at 00:17

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