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11715 124th St NW 20 Unit Apartment Building $3,000,000 CAD ($150,000 CAD/Unit) 6.10% Cap Rate Edmonton, AB T5M 0L1
INVESTMENT HIGHLIGHTS
- Central location
- Professionally managed
- Onsite management
EXECUTIVE SUMMARY
Prime Investment opportunity to add to your portfolio this 20 unit multifamily residential building has an excellent suite mix with bach, one bed, two bed and three bedrooms, professionally managed and 100% occupied, Excellent tenants strategically located in the heart of Inglewood minutes to Westmount Shopping Centre, Kingsway Mall, Downtown and all amenities. Half units partially renovated. Laundry is owned by building generating extra revenue. Mortgage must be assumed at 4.7% rate 3 years remaining. Total 40 year amortization.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$282,120
|
$16.79
|
| Other Income |
$4,800
|
$0.29
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$286,920
|
$17.08
|
| Taxes |
$26,000
|
$1.55
|
| Operating Expenses |
$100,000
|
$5.95
|
| Total Expenses |
$126,000
|
$7.50
|
| Net Operating Income |
$160,920
|
$9.58
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $282,120 |
| Annual Per SF | $16.79 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.29 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $286,920 |
| Annual Per SF | $17.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,000 |
| Annual Per SF | $1.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $5.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $7.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $160,920 |
| Annual Per SF | $9.58 |
PROPERTY FACTS Under Contract
| Price | $3,000,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 16,803 SF |
| Cap Rate | 6.10% | Average Occupancy | 100% |
| Sale Condition | Debt Assumption | No. Stories | 3 |
| No. Units | 20 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 1.19/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,000,000 CAD |
| Price Per Unit | $150,000 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | Debt Assumption |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 16,803 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.19/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Intercom
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Spa
- Tenant Controlled HVAC
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,150 CAD | - |
| Studios | 2 | $1,050 CAD | - |
| 2+1 | 9 | $1,295 CAD | - |
| 3+1 | 3 | $1,495 CAD | - |
1 1
Walk Score®
Very Walkable (84)
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Remedy Professional Realty
11715 124th St NW
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