CMHC MLI Select eligible investment opportunity in prime Strathcona, facing the river and park in Edmonton! This brand-new 4-plex offers above-grade 3-bedroom, 2.5-bath residences (~1,505 sq ft each) complemented by ~700 sq ft basement—ideal for long-term tenants or high-performing short-term rentals—each with a separate entrance & in-suite laundry. This multifamily complex will deliver 20 beds and 16 baths, crafted by an experienced infill builder recognized for exceptional quality and modern design. To be completed by August 2026, the property is projected to generate approximately $16,000 per month exc utilities, with an estimated annual net income of $61,000 (including principal), offering both strong cash flow and long-term appreciation potential. Premium finishes include floor-to-ceiling cabinetry, quartz countertops, oversized windows and refined contemporary detailing throughout, all just steps from river valley trails, parks, schools, shopping. (id:51989)
Features of 10021 89 Av Nw
- MLS® Number E4473353
- Price $2,600,000
- Bedrooms: 3
- Bathrooms: 3
- Square Footage: 6020 sqft
- Property Type: Fourplex
- Neigbourhood: Strathcona
- Amenities Near By Park, Playground, Public Transit, Shopping
- Features Ravine, Lane
- View Type Ravine View, Valley View, City View
Buildings
| Bathroom Total | 3 | Bedrooms Total | 3 |
| Amenities | Ceiling - 9ft | Basement Development | Finished |
| Basement Type | Full (finished) | Constructed Date | 2026 |
| Construction Style Attachment | Attached | Half Bath Total | 1 |
| Heating Type | Forced Air | Stories Total | 3 |
| Size Interior | 6020 Sqft | Type | Fourplex |
Parking
| See Remarks |
Land
| Acreage | No | Land Amenities | Park, Playground, Public Transit, Shopping |
| Size Irregular | 539.84 | Size Total | 539.84 M2 |
| Size Total Text | 539.84 M2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 17'8 x 10'11 | ||
| Main Level | Dining Room | 10'5 x 12'4 | ||
| Main Level | Kitchen | 8'9 x 16'7 | ||
| Upper Level | Primary Bedroom | 12' x 16'7 | ||
| Upper Level | Bedroom 2 | 10'11 x 8'6 | ||
| Upper Level | Bedroom 3 | 10'11 x 9'4 |
Agents and Offices
- Bikram Jit Singh
- . Dilpreet Singh
-
Office: Nationwide Realty Corp
Exp Realty