$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, plus a mortgage broker fee savings of about 1% ($26,000), maximizing your return. Estimated possession July - August 2026. Aiming to get students back to university for the fall Semester. (id:51989)
Features of 10848 74 Ave
- MLS® Number 43871740
- Price $2,900,000
- Square Footage: 6525 sqft
- Neigbourhood: Queen Alexandra
Buildings
| Constructed Date | 2025 | Size Interior | 6525 Sqft |
Land
| Acreage | No | Size Irregular | 5314.32 |
| Size Total | 5314.32 Sqft|under 1/2 Acre | Size Total Text | 5314.32 Sqft|under 1/2 Acre |
Agents and Offices
- Peter Chen
- Office: Maxwell Polaris