11715 124th St NW
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11715 124th St NW
20 Unit Apartment Building $3,000,000 CAD ($150,000 CAD/Unit) 5.36% Cap Rate Edmonton, AB T5M 0L1
INVESTMENT HIGHLIGHTS
- Excellent suite mix
- Central location
EXECUTIVE SUMMARY
Great Investment opportunity for this 20 unit well managed building located in the Inglewood community, minutes to Westmount Mall, Downtown, public transportation. Excellent suite mix six 1 bed, nine 2 bed, three 3 bed, and two bachelors. Over half units renovated, new intercom, new boiler motor and reg maintenance. Mortgage must be assumed, Qualifies for CMHC MLI select
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$310,480
|
$18.48
|
| Other Income |
$10,000
|
$0.60
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$320,480
|
$19.07
|
| Taxes |
$22,000
|
$1.31
|
| Operating Expenses |
$97,000
|
$5.77
|
| Total Expenses |
$119,000
|
$7.08
|
| Net Operating Income |
$201,480
|
$11.99
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $310,480 |
| Annual Per SF | $18.48 |
| Other Income (CAD) | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $0.60 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $320,480 |
| Annual Per SF | $19.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $1.31 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $97,000 |
| Annual Per SF | $5.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $119,000 |
| Annual Per SF | $7.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $201,480 |
| Annual Per SF | $11.99 |
PROPERTY FACTS
| Price | $3,000,000 CAD | Apartment Style | Low Rise |
| Price Per Unit | $150,000 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 16,803 SF |
| Cap Rate | 5.36% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Price | $3,000,000 CAD |
| Price Per Unit | $150,000 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Building Size | 16,803 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.19/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
1 of 1
Walk Score®
Very Walkable (84)
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Remedy Professional Realty
11715 124th St NW
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