11818 37 Street Edmonton, Alberta T5W 2B8
$1,990,000
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:49203)
Property Details
| MLS® Number | 45564630 |
| Property Type | Multi-family |
Building
| Constructed Date | 2026 |
| Size Interior | 6,817 Sqft |
Land
| Acreage | No |
| Size Irregular | 6197.523315933562 |
| Size Total | 6197.5233 Sqft|under 1/2 Acre |
| Size Total Text | 6197.5233 Sqft|under 1/2 Acre |
https://www.realtor.ca/real-estate/30238268/11818-37-street-edmonton
Contact Us
Contact us for more information
Terry Major
Associate
www.facebook.com/profile.php?id=61571619129255
www.linkedin.com/in/terence-major-commercial-realestate
4107 99 St NW
Edmonton, Alberta T6E 3N4
(780) 450-6300
(780) 450-6670
Ian S. Fletcher
Associate
(780) 450-6670
www.edmontonrealtyadvisors.com/
4107 99 St NW
Edmonton, Alberta T6E 3N4
(780) 450-6300
(780) 450-6670
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 04 2026 11:18:53
Maxwell Polaris