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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
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This property is listed by Initia Real Estate and provided here courtesy of
MONA LAHAIE.
For more information or to schedule a viewing please contact MONA LAHAIE.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.