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Descriptions:
Brand New TRIPLEX with 3 LEGAL SUITES (6 RENTAL UNITS). Potential cap rate of 5.23%. Great addition to any portfolio with ability to cash flow immediately. Qualifies for CMHC MLI SELECT. Quick access to NAIT, Kingsway Mall & LRT (train) to Grant MacEwan, U of A, Downtown & ICE District. Three 2-Storey Suites with 3 bed/2.5 bath & Three 1 bed/bath BSMT SUITES. 3-bed plan with built in bench at entry & 5x5 storage room. Kitchen with pantry, quartz, vinyl plank & SS appliances. Tenants will enjoy 3 large bedrooms, 4pc bath, 4pc ensuite & upper laundry. RAISED FOUNDATION BASEMENT SUITES with large SOUTH facing windows. Effective Gross Income: $110,390. Operating Expenses: $26,692. Net Operating Income: $83,698. Be part of Edmonton's downtown gentrification & realize the real estate APPRECIATION many Canadian Cities have seen. Interior photos not actual property (same plan). Price includes $76,185.71 in GST; apply for 100% GST rebate with Purpose-built Rental Housing Rebate. See GST/HST memorandum 19-3-9.
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| Includes: |
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Dryer, Stacked Washer/Dryer, Stove-Electric, Stove-Gas, Washer, Refrigerators-Two, Dishwasher-Two, Microwave Hood Fan-Two |
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| Site Influences: |
| Back Lane, Paved Lane, Playground Nearby, Public Transportation, Schools, Shopping Nearby |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
| Neighbourhood: |
Elmwood Park
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| Lot Shape: |
Rectangular |
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| Property Info: |
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| Property Type: |
Tri-Plex |
| Home Style: |
2 Storey |
| Year Built: |
2025 |
| Total Floor Area: |
3,602 sq. ft. |
| Front Exposure: |
West
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| Exterior: |
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| Exterior: |
Back Lane, Paved Lane, Playground Nearby, Public Transportation, Schools, Shopping Nearby |
| Front Exposure: |
West |
| Roof: |
Asphalt Shingles |
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| Rooms: |
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| Total Bedrooms: |
4
(Bedrooms Above: 3)
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| Bathrooms: |
Full: 3
/ Half: 1
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| Rooms Above: |
6 |
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| Additional Info: |
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| Heating: |
Y |
| Basement: |
Full, Finished |
| Basement Type: |
Full, Finished |
| Floor Finish: |
Carpet, Vinyl Plank |
| Parking: |
Parking Pad Cement/Paved |
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Contact Cathy Cookson -
201, 5607 - 199 Street, Edmonton, Alberta, T6M 0M8
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Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated April 30, 2026, 11:30 am. |
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. 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. Used under license.
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