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$2,099,000
Est. payment /mo
4 Beds
4 Baths
5,567 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,567 sqft
Price per Sqft $377
Subdivision Spruce Avenue
MLS® Listing ID E4468078
Bedrooms 4
Half Baths 1
Year Built 2025
Property Sub-Type Freehold
Source REALTORS® Association of Edmonton
Property Description
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. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Extra Room 1 Lower level Measurements not available Bedroom 4
Extra Room 2 Upper Level Measurements not available Primary Bedroom
Extra Room 3 Upper Level Measurements not available Bedroom 2
Extra Room 4 Upper Level Measurements not available Bedroom 3
Interior
Heating Forced air
Exterior
Parking Features No
Community Features Public Swimming Pool
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Others
Ownership Freehold
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Listed by Initia Real Estate
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