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11121 62 STREET 8 Unit Apartment Building Offered at $2,900,000 CAD at a 5.11% Cap Rate Edmonton, AB T5W 4B8
EXECUTIVE SUMMARY
From award winning builder Justin Gray Homes - a "Not So Average" 8-plex - featuring 1,314 & 1,279 SF units in a stacked townhouse format, a block from Ada Boulevard - this investment provides long term security as well as faster turn-around on leasing due to the quality, size and location. Four 3-bedroom, 2.5 bathroom units; four 2 bedroom, 2.5 bathroom units; and a five car garage.. All units come with upgraded stainless steel appliances and their own washer/dryer, as well as finished landscaping. Truly a turn-key investment.
PROPERTY FACTS
| Price | $2,900,000 CAD | Apartment Style | Townhome |
| Price Per Unit | $362,500 CAD | Building Size | 9,972 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 5.11% | Year Built | 2025 |
| No. Units | 8 | Parking Ratio | 0.5/1,000 SF |
| Property Type | Multifamily |
| Price | $2,900,000 CAD |
| Price Per Unit | $362,500 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 9,972 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.5/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 4 | $2,200 CAD | 1,314 |
| 2+2.5 | 4 | $2,000 CAD | 1,179 |
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11121 62 STREET
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