Wonderful opportunity to obtain a 4plex with 4 legal suites and 4 car garages built by Edmonton's premier infill builder, Platinum Living Homes. Total of 8 units qualifies for the CMHC MLI SELECT program - with rents currently going up this is a smart move. Currently under construction with an expected fall/winter 2024 closing. 4732 sqft of above ground living space allows for the two exterior units to have 3 beds total with the interior units being 2 beds primary suites. 14 total bedrooms, 12 full baths plus 4 half baths. Legal basement suites are so easy to rent or one might try to Air BnB them and bring in more cash. Projected rental income is $14,000-$15,000 per month. Built to a higher standard with upgrades throughout such as: s.s. appliances, large windows, quartz counters and 9' ceilings on all 3 levels. Nice location with mature trees, minutes to downtown, college/university, restaurants shopping an transportation.
Data was last updated May 20, 2024 at 02:30 PM (UTC)
Area Statistics
Listings on market:
80
Avg list price:
$599,900
Min list price:
$224,900
Max list price:
$2,150,000
Avg days on market:
39
Min days on market:
3
Max days on market:
430
Avg price per sq.ft.:
$379.12
These statistics are generated based on the current listing's property type
and located in
Zone 07. Average values are
derived using median calculations.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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