Rundle Apartments | 11320 34th St NW
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Rundle Apartments 11320 34th St NW
12 Unit Apartment Building $1,750,000 CAD ($145,833 CAD/Unit) 5.16% Cap Rate Edmonton, AB T5W 1Y9
Executive Summary
Valuable Amenities Nearby: The property is within walking distance to numerous amenities, including Rundle Park and the major retail corridor along 118 Avenue, which features restaurants, grocery stores, and family services. Its central location ensures convenience and connectivity, with major transit routes and thoroughfares just minutes away.
Ideal CMHC Candidate: The property is an excellent CMHC MLI Select candidate, allowing for low equity requirements and reduced debt payments, resulting in enhanced cash flow potential.
Excess Land: The property sits on 0.38 acres of land and holds great potential for future development, allowing for a total of 30 units.
Ideal CMHC Candidate: The property is an excellent CMHC MLI Select candidate, allowing for low equity requirements and reduced debt payments, resulting in enhanced cash flow potential.
Excess Land: The property sits on 0.38 acres of land and holds great potential for future development, allowing for a total of 30 units.
Property Facts
| Price | $1,750,000 CAD | Apartment Style | Low Rise |
| Price Per Unit | $145,833 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 5.16% | Building Size | 9,887 SF |
| Sale Conditions | Excess Land | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Price | $1,750,000 CAD |
| Price Per Unit | $145,833 CAD |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Sale Conditions | Excess Land |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 9,887 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 1.11/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 - 1,000 |
| 1+1 | 8 | - | 688 |
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (75)
zoning
| Zoning Code | RM h16 |
| RM h16 |
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Rundle Apartments | 11320 34th St NW
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