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Apartment Buildings for Sale Within of Legal

More details for 5015 48 St, Legal, AB - Multifamily for Sale

5015 48 St

Legal, AB T0G 0B1

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

Legal Multifamily for Sale

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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