11818 37 Street
Edmonton, T5W2B8
$1,990,000
ActiveMLS® 45564630, updated Sep 4, 2026
About this home
BRAND NEW 7-UNIT MULTI-FAMILY - MLI SELECT POTENTIAL - EDMONTONExceptional opportunity to acquire a brand-new 7-unit multi-family property in Edmonton featuring a highly desirable mix of 2-, 3- and 5-bedroom suites, modern finishes and strong projected income.The property offers approximately 6,817 sq. ft. of total building area on a 575.65 m² lot, with stainless-steel appliances, spacious living areas, private outdoor/deck areas, stacked laundry, individual heating/hot water systems and HRV ventilation.Projected gross revenue of $148,200 annually and NOI of $107,525, with an underwriting value of $2,050,000 and projected 5.25% cap rate.The project may qualify for CMHC MLI Select financing, subject to lender and CMHC approval, potentially providing enhanced financing terms and leverage.New construction, diversified rental income and family-oriented suite sizes make this an attractive long-term investment opportunity.Landscaping and finishing touches in progress.
Details
- Type
- Multi-family
- Living area
- 6,817 sq ft
- Year built
- 2026
School zone
Schools this address is designated for
- Junior high
- Ivor Dent (Edmonton Public)
- High school
- Eastglen (Edmonton Public)
- Catholic
- St. Bernadette (0.3 km), St. Nicholas (0.4 km), CCAC-Clareview (3.4 km)
Public designations from Edmonton Public Schools attendance areas; Catholic schools shown are the nearest, as the Catholic board publishes no boundaries. Confirm with the school before relying on it.
Listing courtesy of Terry Major, MaxWell Polaris. Data provided through the REALTOR.ca DDF® and deemed reliable but not guaranteed. Living area is as reported by the listing brokerage under the Residential Measurement Standard where it applies; verify before relying on it. View on REALTOR.ca.