.jpg)
Lea Alexander
- Sterling Real Estate
PO Box 355, Fallis, Alberta
PO Box 355, Fallis, Alberta
Listing Details
For more information on this listing or other please contact me.
Courtesy of Initia Real Estate.
Data was last updated 2025-06-25 at 20:18:11 GMT
Brand new 4-plex with 8 fully legal units in central Edmonton! Each main unit features 3 bedrooms, 2.5 baths, and 1,395 sq ft, plus a fully self-contained 1 bedroom, 1 bath basement suite (686 sq ft) with separate entrance and in-suite laundry. Modern finishes throughout, separate utility meters, and parking included. Projected gross rent of $163,200/year with 5?6% cap rate potential. Ideally located near NAIT, Royal Alexandra Hospital, downtown, and major transit routes. No rent control, low property taxes, and a strong rental market make this a perfect turnkey investment. Future condo title potential. A rare opportunity for cash-flow-focused buyers in one of Canada?s most landlord-friendly markets.
Listing Information
- Prop. Type:
- Quadruplex
- Property Style:
- 2 Storey
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4468078
- Bedrooms:
- 4
- Neighbourhood:
- Spruce Avenue
- Area:
- Edmonton
- Province:
- Alberta
- Listing Price:
- $2,099,000
General Information
- Year Built:
- 2025
- Total Square Feet:
- 5567ft2
Additional Information
- Basement Dev:
- Full, Finished
- Parking:
- Parking Pad Cement/Paved
VIP-Only Information
- Sign-Up or Log-in to view full listing details:
- Sign-Up / Log In
This property is listed by Initia Real Estate and provided here courtesy of
Lea Alexander .
For more information or to schedule a viewing please contact Lea Alexander .
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
