Courtesy of Jordan C Seitz of Real Broker
11411 88 Street
Edmonton
T5B 3P9
$1,525,000
Single Family
beds: 4
baths: 3.0
3,600 sq. ft.
built: 2024
- Status:
- Active
- Prop. Type:
- Single Family
- MLS® Num:
- E4416133
- Bedrooms:
- 4
- Bathrooms:
- 3
- Year Built:
- 2024
- Photos (39)
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TRIPLEX w/ 3 LEGAL SUITES (6 RENTAL UNITS) qualifying for CMHC MLI SELECT. Cash-on-Cash Return of 55.79% (SELF MANAGED) or 43.84% (MANAGED) w/ GST rebate, financing, appraisal & legal fees considered. Projected monthly rent is $9,735 w/ annual gross revenue of $116,820 & cap rate of 5%. Cash Flow After Debt Service - SELF MANAGED $24,637 or $15,525 MANAGED. Quick LRT (train) access to Nait, Grant MacEwan, U of A, Downtown, ICE District, Kingsway Mall, Royal Alex & Glenrose Hospital. Three 2-Storey Suites w/ 3 bed/2.5 bath & Three 1 bed/bath BSMT SUITES. 3-bed plan w/ built in bench at entry & 5x5 storage rm. Kitchen w/ pantry, quartz, vinyl plank & SS appliances. Tenants will enjoy 3 large bedrooms, 4pc bath, 4pc ensuite & upper laundry. BSMT SUITES w/ large SOUTH facing windows. Landscaped yard w/ 5 ENERGIZED parking stalls. Be part of Edmonton’s downtown gentrification & realize the real estate APPRECIATION many Canadian Cities have seen. Commercial financing required. Rendering used. Ready Fall 2025.
- Property Type:
- Single Family
- Dwelling Type:
- Triplex
- Home Style:
- 2 Storey
- Total Floor Area:
- 3,600.13 sq. ft.
- Price Per SqFt:
- $423.6
- Total area above grade.:
- 3,600 sq. ft.
- Secondary Suite:
- Yes
- 2nd Suite Permit By Seller:
- Yes
- Taxes:
- Signup
- Lot Area:
- 5,442.556 sq. ft.
- Lot Shape:
- Rectangular
- Grade Level Entry:
- No
- Levels:
- 3
- Exposure / Faces:
- West
- Year built:
- 2024 (Age: 1)
- Bedrooms:
- 4 (Above Grd: 3)
- Bathrooms:
- 3.0 (Full:3/Half:1)
- Total Rooms Above Grade:
- 6
- Building Type:
- Tri-Plex
- Construction:
- Wood, Vinyl
- Foundation:
- Concrete Perimeter
- Basement:
- Full, Finished
- Basement Development:
- Fully Finished
- Roof:
- Asphalt Shingles
- Floor Finish:
- Carpet, Vinyl Plank
- Heating:
- Forced Air-2, Natural Gas
- Parking:
- Rear Drive Access, Tandem, See Remarks
- Garage:
- No
- Ensuite:
- Yes
- Hot Water Tankless, Parking-Extra, Vinyl Windows, Infill Property, HRV System
- Parkdale (Edmonton)
- Back Lane, Landscaped, Paved Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby, See Remarks
- Hot Water Tankless, Parking-Extra, Vinyl Windows, Infill Property, HRV System
- Back Lane, Landscaped, Paved Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby, See Remarks
- ensuite bathroom
- Dryer, Stacked Washer/Dryer, Washer, See Remarks, Refrigerators-Two, Stoves-Two, Dishwasher-Two, Microwave Hood Fan-Two
- None Known
- Agent/Seller has Interest,Private
- Floor
- Type
- Size
- Other
- Upper Level(s)
- Master Bedroom
- 0 × 0
- -
- Upper Level(s)
- Bedroom
- 0 × 0
- -
- Upper Level(s)
- Bedroom
- 0 × 0
- -
- Basement
- Bedroom
- 0 × 0
- -
- Main
- Living Room
- 0 × 0
- -
- Main
- Dining Room
- 0 × 0
- -
- Main
- Kitchen
- 0 × 0
- -
- Basement
- Second Living Room
- 0 × 0
- -
- Basement
- Second Kitchen
- 0 × 0
- -
- Zone:
- Zone 05
- Zoning:
- Zone 05
- Title to Land:
- Fee Simple
- Legal Lot:
- 4
- Road Access:
- Paved
- LINC Number:
- 0015453293
- Days On Website:
- 52 day(s)
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Data was last updated February 5, 2025 at 11:30 AM (UTC)
Area Statistics
- Listings on market:
- 63
- Avg list price:
- $274,500
- Min list price:
- $150,000
- Max list price:
- $1,750,000
- Avg days on market:
- 52
- Min days on market:
- 1
- Max days on market:
- 463
- Avg price per sq.ft.:
- $297.08
These statistics are generated based on the current listing's property type
and located in
Zone 05. Average values are
derived using median calculations.
- Ryan Gillen
- Lux Real Estate
- 780-700-8355
- gillenrealty@gmail.com