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$ 2,900,000
Est. payment | /mo
6,525 SqFt
$ 2,900,000
Est. payment | /mo
6,525 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 6525
Square Footage 6,525 sqft
Price per Sqft $444
MLS® Listing ID 43871740
Year Built 2025
Lot Size 5,314 Sqft
Acres 5314.32
Property Description
$2.9m 10 multi-units at the University of Albertas Queen Alexandra community. Located next to the bus stop on 109 Street, this is an ideal investment for university students and downtown professionals seeking easy commuting options. 5-plex building on 10 units, 3-story height: 5 spacious Upper units featuring 3 bedrooms and 2.5 baths; 5 cozy Lower units with 1 bedroom and 1 bath. Units average $290,000 each—an outstanding value in this prime location. Benefit from an Assumable existing CMHC MLI mortgage with an approved loan amount of $2.67 million. This allows savings of approximately 2.5% ($65,000) on the CMHC's new premium fees, maximizing your return. Estimated possession July - August 2026. Aiming to get students back to university for the fall Semester. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by MaxWell Polaris
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