Legal Apartment Buildings for Sale

Legal Apartment Building for Sale

5015 48 St

Legal, AB T0G 0B1

Multifamily for Sale
$699,900 CAD
2,845 SF

Legal Multifamily for Sale - Outlying

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.

Contact:

Calvin Realty

Property Subtype:

Apartment

Date on Market:

2026-04-21

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Apartment Buildings for Sale in Legal

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How many apartment buildings are available for sale in Legal?

There are currently 1 apartment buildings available for sale in Legal, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Legal?

The average size of apartment buildings available for sale in Legal is about 2,845 SF. The largest apartment buildings available to buy is 2,845 SF and the smallest is 2,845 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Legal?

The average market cap rate for apartment buildings for sale is about 6.50% based on data provided in Legal. Learn more about how cap rates are calculated.

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Apartment Building for Sale in Legal