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Executive Summary

This fully leased 6-unit apartment building in the high-demand rental corridor is the kind of asset investors wait for. Positioned in one of Edmonton’s most central and tenant-active neighborhoods, this property offers immediate income with clear upside. Each suite is consistently occupied, creating stable, predictable cash flow from day one, while still presenting a compelling opportunity for rental optimization as leases turn over. Inside, functional layouts and practical finishes cater to a broad tenant base, supporting long-term occupancy and minimizing vacancy risk. Outside, the property continues to deliver value with a double garage and additional surface parking. An increasingly sought-after feature that enhances tenant convenience and supports premium rent potential. The surrounding area is defined by strong fundamentals, with a close proximity to the Royal Alexandra Hospital and Northern Alberta Institute of Technology, ensuring a steady pool of renters. Whether you’re expanding your portfolio or securing an affordable, reliable multi-family asset with upside, this is a strategic acquisition in a proven rental location.

Property Facts

Price $564,900 CAD
Price Per Unit $94,150 CAD
Sale Type Investment
Cap Rate 6.49%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.09 AC
Building Size 2,874 SF
No. Stories 4
Year Built 1912
Zoning RS - Small Scale Residential

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - -
1+1 5 - -
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
  • Listing ID: 41336507

  • Date on Market: 2026-07-17

  • Last Updated:

  • Address: 11446 92 St NW, Edmonton, AB T5G 0Z5

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