Brand new 4-plex with 8 fully legal units in central Edmonton! Each main unit features 3 bedrooms, 2.5 baths, and 1,395 sq ft, plus a fully self-contained 1 bedroom, 1 bath basement suite (686 sq ft) with separate entrance and in-suite laundry. Modern finishes throughout, separate utility meters, and parking included. Projected gross rent of $163,200/year with 5–6% cap rate potential. Ideally located near NAIT, Royal Alexandra Hospital, downtown, and major transit routes. No rent control, low property taxes, and a strong rental market make this a perfect turnkey investment. Future condo title potential. A rare opportunity for cash-flow-focused buyers in one of Canada’s most landlord-friendly markets.
Address
11323 106 ST NW
List Price
$2,200,000
Property Type
Residential
Type of Dwelling
Quadruplex
Style of Home
2 Storey
Area
Edmonton
Sub-Area
Spruce Avenue
Bedrooms
4
Bathrooms
4
Half Bathrooms
1
Floor Area
5,567 Sq. Ft.
Lot Size
6520.67 Sq. Ft.
Lot Shape
Rectangular
Year Built
2025
MLS® Number
E4446094
Listing Brokerage
Initia Real Estate
Postal Code
T5G 2P6
Zoning
Zone 08
Parking
Parking Pad Cement/Paved
Parking Places (Total)
3
Community Features
Ceiling 9 ft., Detectors Smoke, Exterior Walls- 2"x6", No Animal Home, No Smoking Home, Vinyl Windows
Exterior Features
Back Lane, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
Interior Features
ensuite bathroom
Heat Type
Forced Air-2, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
East
Foundation Details
Concrete Perimeter
Garage Type
No
Roof
Asphalt Shingles
Access To Property
Paved
