CMHC MLI Select eligible investment opportunity in prime Strathcona, facing the river and park in Edmonton! This brand-new 4-plex offers 8 fully legal units, including 4+4 spacious above-grade 3-bedroom, 2.5-bath residences (~1,505 sq ft each) complemented by ~800 sq ft basement suites—ideal for long-term tenants or high-performing short-term rentals—each with a separate entrance & in-suite laundry. This multifamily complex will deliver 20 beds and 16 baths, crafted by an experienced infill builder recognized for exceptional quality and modern design. To be completed by August 2026, the property is projected to generate approximately $16,000 per month exc utilities, with an estimated annual net income of $61,000 (including principal), offering both strong cash flow and long-term appreciation potential. Premium finishes include floor-to-ceiling cabinetry, quartz countertops, oversized windows and refined contemporary detailing throughout, all just steps from river valley trails, parks, schools, shopping.
Address
10021 89 AV NW
List Price
$2,600,000
Property Type
Residential
Type of Dwelling
Quadruplex
Style of Home
3 Storey
Transaction Type
Sale
Area
Edmonton
Sub-Area
Strathcona
Bedrooms
3
Bathrooms
3
Half Bathrooms
1
Floor Area
6,020 Sq. Ft.
Lot Size
5810.79 Sq. Ft.
Lot Shape
Rectangular
Frontage Length
44
Year Built
2026
MLS® Number
E4473353
Listing Brokerage
Nationwide Realty Corp
| Exp Realty
Postal Code
T6E 2S7
Zoning
Zone 15
Parking
See Remarks
Community Features
Ceiling 9 ft., Vacuum System-Roughed-In
Exterior Features
Back Lane, Backs Onto Park/Trees, Playground Nearby, Public Transportation, Ravine View, River Valley View, River View, Shopping Nearby, View Downtown
Interior Features
ensuite bathroom
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Vinyl
Direction Faces
North
Fireplace
No
Foundation Details
Concrete Perimeter
Garage Type
No
Roof
Asphalt Shingles
Access To Property
Concrete