DeMelo Group Logo
$2,099,000
 $11,268 est/mo Sourced by Back At You

11150 118 St NW,Edmonton, AB T5G2W7

Edmonton, AB T5G2W7

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Description

CMHC MLI ELIGIBLE MULTIFAMILY OPPORTUNITY! Under Construction fourplex with three legal basement suites located at 118 Street. This modern infill project offers a total of 7 rental units and is ideally suited for investors seeking CMHC-backed financing and long-term rental performance.The building provides a total of 16 bedrooms, 12 full bathrooms, and 4 half bathrooms across approximately 4,487.07 sq.ft. of total developed space. Each upper unit features 3 bedrooms and 2.5 bathrooms, while each basement suite offers 1 bedroom and 1 full bathroom, creating a highly desirable rental mix for families and professionals alike.Projected gross rental income is approximately $14,200 per month, offering strong cash flow potential. The site includes 4 uncovered surface parking stalls with rear lane access.This project is configured as a fourplex with three legal secondary suites, delivering excellent density while maintaining low construction complexity - ideal for CMHC MLI financing strategies.Architectural design showcases contemporary urban styling with durable, low-maintenance exterior finishes, optimized for long-term rental ownership. Located in a central Edmonton infill location with convenient access to transit, major roadways, employment centers, and established residential communities.Tentative possession: Early 2027. (id:13843)

Details

MLS #44178075
Listing TypeFor Sale
StatusActive
Days On Site41
Listing Provided ByMaxWell Polaris | Kirat Bawa

Features

SQ Feet4,487
Acreage0.14

Interior

Fireplace Yes / NoNo

Parking

Parking Total4

Area Information

ProvinceAB
CityEdmonton
Postal CodeT5G2W7
Listing VS Median (in T5G2W7)
Price:
$2,099,000
low | high
Med:
$2,099,000
50% of Average
sqft:
4,487
low | high
Med:
4,487
50% of Average
$ / sqft:
$468
low | high
Med:
$468
50% of Average
On site:
41
low | high
Med:
41
100% of Average
Sourced by Back At You

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Learn More About This Property

Lindsey DeMelo

Lindsey DeMelo

Sutton Group - Quantum Realty Inc- Brokerage

Broker, (416) 219-1109ldemelo@sutton.com
ProvinceAB
CityEdmonton
Postal CodeT5G2W7
Listing VS Median (in T5G2W7)
Price:
$2,099,000
low | high
Med:
$2,099,000
50% of Average
sqft:
4,487
low | high
Med:
4,487
50% of Average
$ / sqft:
$468
low | high
Med:
$468
50% of Average
On site:
41
low | high
Med:
41
100% of Average
Sourced by Back At You
Listing Updated: October 19, 2026 at 7:54:33 AM PDT