For Sale · Multifamily

1-12, 2103 - 2113 154 Avenue NW, Edmonton

1-12, 2103 - 2113 154 Avenue NW, Edmonton, AB T5Y2R6

$6M total

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Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

95%

Year Built

2025

Lot Size

0.4045 ac

About this property

This property represents a substantial multi-family investment opportunity! Invest in scale with this impressive 12-unit stacked row house property in Edmonton. Offering 25,333 sq. ft. of total building area, this property features 12 residential units with attached garages and modern, functional layouts. The upper units measure approximately 1,866 sq. ft., while the lower units offer approximately 2,356 sq. ft. Each unit provides substantial living space within a well-planned multi-family configuration. The combination of unit count, generous unit sizes, parking and accessible location makes this a prime Edmonton investment opportunity. Located in Gorman, within the Horse Hill Community League, the property offers convenient access to Anthony Henday Drive and major transportation routes, providing connections throughout Edmonton and surrounding communities. Shopping, dining, recreation, schools, and everyday services are all accessible throughout the surrounding Manning and Horse Hill areas. All 3 buildings are available and could be sold as a package totaling 36 units. (id:66811)

Financial sandbox

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Estimate
Purchase price$6.00M
Down payment30% · $1.80M
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$28K

Projected NOI

$200K

Annual cash flow

$-133K

Cash-on-cash

-7.37%

DSCR

0.60

Going-in cap

3.33%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

83,672

Households

29,378

Median income

$102,500

Median age

31.6

Daytime population

134,348

5-yr growth

5.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1-12, 2103 - 2113 154 Avenue NW, Edmonton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.