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Listed by Kirat Bawa • MaxWell Polaris
$2,099,000
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 44178134
Property Description
CMHC MLI ELIGIBLE MULTIFAMILY OPPORTUNITY!Under Construction fourplex with three legal basement suites located at 75 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 desi
Location
Province AB
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