22-Unit Turnkey Investment Property in a High Rental Demand Area
Scale your real estate portfolio with this massive, modern 22-unit multi-family development situated in a highly strategic rental zone directly between NAIT and the Sprucewood district. Engineered for significant, high-yield cash flow with a consistent, built-in pipeline of quality tenants.
Financial Breakdown:
- Purchase Price: $4,950,000
- Total Deposit: $250,000
- Positive Cash Flow: $36,000 Annual (After all expenses and debt services)
Got an MLI Select Quote? We will beat it by up to $25,000!
To maintain a high-quality investor network, a small verification step is required.
PROJECT FEATURES
This high-capacity, low-maintenance complex is designed to deliver 22 separate living spaces, perfectly balancing the appeal for students, working professionals, and technical staff in the area.
- 22 Premium Living Spaces: High-efficiency layouts designed to provide highly sought-after, affordable off-campus housing.
- Consistent Tenant Pipeline: Perfectly tailored to attract a steady, reliable stream of students, tradespeople, and technical staff, maximizing occupancy rates.
Prime Location: NAIT & Sprucewood Advantages
Situated in an exceptionally strong rental demand area, this property puts tenants right next to major educational institutions, hospitals, and Edmonton’s commercial core.
Strategic Positioning
Located directly between the Northern Alberta Institute of Technology (NAIT) to the west and the Sprucewood district, creating a highly walkable environment for students and staff.
Downtown Proximity
Features unmatched connectivity, taking under 10 minutes to commute to Edmonton's downtown commercial core.
Healthcare & Employment
Extremely close to the Royal Alexandra Hospital, attracting a steady demographic of budget-conscious, working-class professionals and healthcare workers.
