Property Description

Purpose-built, turnkey investment in one of Edmonton's strongest rental corridors. Brand-new 4-plex with 4 legal basement suites in desirable Queen Alexandra, just minutes from the University of Alberta, built by the award winning Bloc 53 Developments. Offering 8 self-contained suites, 16 bedrooms, 14 bathrooms, and 4 single garages, this premium multi-family asset is separately metered for all utilities and is an ideal candidate for the CMHC MLI Select Program, with projected gross annual income of $166,000–$180,000. All suites include stainless steel appliances, modern finishes and the property comes fully landscaped. Seller will provide a recent appraisal and Phase I environmental report (approximately $7,000 in value), saving buyers time and due diligence costs. An outstanding turnkey investment in a high-demand rental location with exceptional cash flow and a strong tenant profile. Rare opportunity in one of Edmonton's most sought-after rental markets. (id:7434)