CMHC Commercial Real Estate Projects in Edmonton: What Investors Can Actually Buy Right Now
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If you have searched for CMHC commercial real estate projects, you have probably noticed something. Almost every result is a bank, a mortgage broker, or a lender explaining how the loan works. Very few show you the one thing you actually want to see: the buildings.
This page fixes that. Below are real, brand-new, CMHC-eligible multi-unit projects in and around Edmonton that investors can buy today — most with as little as 5% down through the CMHC MLI Select program.
First, a quick clarification: what "commercial" really means here
Many investors type “commercial” and expect office towers or retail plazas. When it comes to CMHC, the term works a little differently.
In Canada, once a residential building has five or more units, lenders treat it as commercial (multi-residential) financing — even though people live there. So a brand-new 8-unit rental building is a residential property that is financed on the commercial side.
That is exactly the sweet spot for the projects below. They are residential rental buildings, financed commercially, and structured to qualify for CMHC’s most investor-friendly program.
What makes a project "CMHC-eligible"?
Not every building qualifies. The projects we work with are built to hit the marks CMHC’s MLI Select program rewards:
- Five or more rental units in a single project
- Energy-efficient construction that earns program points
- Accessibility and affordability features where they apply
- Purpose-built to rent, not converted or resold as condos
When a project scores well on these, the investor can access lower premiums, longer amortization, and higher leverage. That is what turns a good building into a strong cash-flowing asset.
Current CMHC commercial real estate projects in the Edmonton region
Here is a snapshot of turnkey, brand-new projects available now. Each one is a complete building, ready for tenants, with a detailed investor proforma available on request.
8-Unit Turnkey — Greenview (Mill Woods, SE Edmonton) A new eight-unit build in an established family neighbourhood, next to the Grey Nuns Hospital and minutes from the Valley Line LRT. A steady, working tenant pool built in.
8-Unit Turnkey — Jasper Park A well-located eight-unit building suited to investors who want scale without stepping into a large-format project.
7-Unit Turnkey — Mill Woods A smaller-footprint building in one of Edmonton’s most established rental communities.
6-Unit Turnkey — Sakaw (Mill Woods) An entry-point multi-unit project in a mature, high-demand pocket of southeast Edmonton.
9-Unit Turnkey — Killarney A north-central Edmonton building with easy access to transit and employment corridors.
10-Unit Turnkey — Creekside (Leduc) Just south of Edmonton near the airport employment zone — strong for tenant demand tied to logistics and travel.
12-Unit Turnkey — Elmwood Park A larger building for investors ready to move up in unit count and rental income.
22-Unit Turnkey — Near NAIT A student-and-professional rental location close to a major Edmonton campus.
38-Unit Turnkey — Garneau A brand-new, modern building in one of Edmonton’s most walkable, university-adjacent neighbourhoods, for investors targeting scale.
Pricing and availability change often. Ask for the current proforma on any project — it shows units, rents, expenses, financing, and projected cash flow on one page.
Why buy a brand-new turnkey building instead of an older one
An older multi-unit building can look cheaper on paper, then quietly cost you.
- No major CapEx for 15 to 20 years. New roof, new windows, new HVAC. You are not budgeting for a roof replacement in year three.
- New-home warranty coverage. Alberta new-home warranty protects the structure you are buying.
- Lower vacancy friction. Modern, well-finished units lease faster and hold tenants longer.
- Clean financing. New, purpose-built rentals fit CMHC’s program cleanly, which keeps your file moving.
The part most sellers skip: protecting your deposit
A CMHC project is only a good deal if you actually close it — and if you don’t, you want your money back.
That is why the projects we represent are structured around deposit protection, not pressure:
- A refundable deposit while you complete your review
- A due-diligence window to check the numbers and the building
- Appraisal before you fully commit, so you are not guessing at value
You should never feel rushed into a multi-unit purchase. The goal is a building that performs for years, not a fast signature.
How to see the full numbers on any project
Every project above comes with a one-page investor proforma: purchase price, unit mix, rents, operating expenses, financing, cash flow, DSCR, and cap rate. It is the fastest way to compare buildings side by side.
Want the current list and proformas? Call Janak Singh Chhabra at (647) 999-0935 or request a package through the contact page.
No fee. No pressure. Just a conversation.
Frequently Asked Questions About MLI Select Rates
What counts as a CMHC commercial real estate project?
In practice, it is a residential rental building with five or more units that qualifies for CMHC-insured, multi-residential financing. It is “residential” in use and “commercial” in how it is financed.
Can I really buy one of these with 5% down?
Qualified investors can access up to 95% financing through CMHC MLI Select on eligible projects. Your exact down payment depends on the deal and your lender’s assessment.
Where are these projects located?
Most are in Edmonton neighbourhoods like Mill Woods, Killarney, Garneau, and Greenview, plus nearby markets such as Leduc. New projects are added regularly.
Are these new buildings or existing rentals?
The projects featured here are brand-new, turnkey builds — ready for tenants, with warranty coverage and no near-term major repair costs.
How do I get the numbers on a specific building?
Request the investor proforma. You will get a one-page breakdown of income, expenses, financing, and projected returns for that exact project.
Janak Singh Chhabra
A licensed Realtor at TFN Realty Inc., Brokerage – and one of the few specialists in Canada who works exclusively at the intersection of pre-construction real estate and CMHC MLI Select multi-unit investments. Janak is a two-time Diamond Award winner at Bay Street Group — one of the most recognized performance awards in Canadian real estate — for 2023 and 2024. The Diamond Award is given to top-performing realtors who demonstrate exceptional results across transaction volume, client satisfaction and professional excellence.
Janak Singh Chhabra is a licensed real estate representative, not a mortgage broker or financial advisor. Market data is drawn from public sources including Statistics Canada and CMHC and is subject to change. All investment figures are estimates for illustration. Buyers should verify financing with a qualified mortgage professional and complete independent due diligence before purchasing. E.&O.E.