$2.9m 10 multi-units at the University of Albertas Queen Alexandra community. Located next to the bus stop on 109 Street, this is an ideal investment for university students and downtown professionals seeking easy commuting options. 5-plex building on 10 units, 3-story height: 5 spacious Upper units featuring 3 bedrooms and 2.5 baths; 5 cozy Lower units with 1 bedroom and 1 bath. Units average $290,000 each—an outstanding value in this prime location. Benefit from an Assumable existing CMHC MLI mortgage with an approved loan amount of $2.67 million. This allows savings of approximately 2.5% ($65,000) on the CMHC’s new premium fees, maximizing your return. Estimated possession July - August 2026. Aiming to get students back to university for the fall Semester. (id:47421)
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Detailed Information
Listing Contract Date
2025-11-30
Property Type
Multi-family
Transaction Type
For sale
Building
Constructed Date
2025
Land
Total Size
5314.32 square feet
Size of Irregular Land
5314.32
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