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5015 48 St 7 Unit Apartment Building $699,900 CAD ($99,986 CAD/Unit) 6.50% Cap Rate Legal, AB T0G 0B1
Executive Summary
7-UNIT CASH FLOWING MULTI-FAMILY
Strong In-Place Income | Rental Upside | Undersupplied Market
Excellent 7-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY in the growing community of Legal, Alberta. This cash-flowing asset offers STRONG IN-PLACE INCOME with significant upside potential in an undersupplied rental market. Fully tenanted with a diverse unit mix consisting of 4 x 2-bedroom, 1 x 3-bedroom, 2 x 1-bedroom, and 1 bachelor suite, providing excellent tenant diversification and stable revenue. Current annual gross income of approximately $96,400 with opportunity to increase rents over time as units turn over to market rates. Strong projected NOI and attractive cap rate potential make this an ideal addition to any investment portfolio. Strategically located within commuting distance to Edmonton, Legal continues to benefit from regional growth and demand for affordable housing. Limited competition in this asset class and increasing interest in secondary markets create compelling long-term upside. A rare chance to acquire a TURNKEY income-producing property with immediate cash flow and future appreciation potential.
Strong In-Place Income | Rental Upside | Undersupplied Market
Excellent 7-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY in the growing community of Legal, Alberta. This cash-flowing asset offers STRONG IN-PLACE INCOME with significant upside potential in an undersupplied rental market. Fully tenanted with a diverse unit mix consisting of 4 x 2-bedroom, 1 x 3-bedroom, 2 x 1-bedroom, and 1 bachelor suite, providing excellent tenant diversification and stable revenue. Current annual gross income of approximately $96,400 with opportunity to increase rents over time as units turn over to market rates. Strong projected NOI and attractive cap rate potential make this an ideal addition to any investment portfolio. Strategically located within commuting distance to Edmonton, Legal continues to benefit from regional growth and demand for affordable housing. Limited competition in this asset class and increasing interest in secondary markets create compelling long-term upside. A rare chance to acquire a TURNKEY income-producing property with immediate cash flow and future appreciation potential.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $699,900 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $99,986 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.50% | Building Size | 2,845 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1990 |
| Price | $699,900 CAD |
| Price Per Unit | $99,986 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,845 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1990 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 1 | - | - |
| 1+1 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
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5015 48 St
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