Ready MAY 2026. 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). Completed building may vary from photos. Property Taxes to be reassessed by City.
Property Type:
Single Family
Dwelling Type:
Triplex
Home Style:
2 Storey
Total Floor Area:
3,602.17 sq. ft.335 m2
Price Per SqFt:
$444.15
Total area above grade.:
3,602 sq. ft.334.65 m2
Secondary Suite:
Yes
2nd Suite Permit By Seller:
Yes
Separate Entrance:
Yes
Lot Area:
4,821.8 sq. ft.448 m2
Lot Shape:
Rectangular
Grade Level Entry:
No
Levels:
3
Exposure / Faces:
West
Year built:
2025
(Age: 1)
Bedrooms:
4
(Above Grd: 3)
Bathrooms:
4.0
(Full:3/Half:1)
Total Rooms Above Grade:
6
Plan:
2222291
Building Type:
Tri-Plex
Construction:
Wood, Vinyl
Foundation:
Concrete Perimeter
Basement:
Full, Finished
Basement Development:
Fully Finished
Roof:
Asphalt Shingles
Floor Finish:
Carpet, Vinyl Plank
Heating:
Forced Air-2, Natural Gas
Parking:
Parking Pad Cement/Paved
Garage:
No
Ensuite:
No
Storage-In-Suite, Vinyl Windows, Infill Property
Elmwood Park
Back Lane, Paved Lane, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Storage-In-Suite, Vinyl Windows, Infill Property
Back Lane, Paved Lane, Playground Nearby, Public Transportation, Schools, Shopping Nearby
Data was last updated January 22, 2026 at 07:30 PM (UTC)
Area Statistics
Listings on market:
71
Avg list price:
$305,000
Min list price:
$145,000
Max list price:
$999,900
Avg days in system:
57
Min days in system:
1
Max days in system:
644
Avg price per sq.ft.:
$325.01
These statistics are generated based on the current listing's property type
and located in
Zone 05. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data last updated on January 22, 2026 at 07:30 PM (UTC).
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.
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. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
