Hey Fellow REIN Members.
I’m offering an exceptional, off-market multi-suite asset located in the master-planned Alces community of Edmonton, Alberta. If you’re looking to deploy capital into a high-yielding macro market, this is a pure cashflow play.
The Asset Setup:
Both suites are 100% legally permitted by the City of Edmonton, zero municipal compliance risk. With three distinct income streams on a single land title, your vacancy risk is insulated. The current fixed-term leases and utility setups transfer seamlessly to the new owner on closing. DM me directly to get the utility ledgers, property layout details, or to discuss closing timelines. Serious buyers only, please!
I’m offering an exceptional, off-market multi-suite asset located in the master-planned Alces community of Edmonton, Alberta. If you’re looking to deploy capital into a high-yielding macro market, this is a pure cashflow play.
The Asset Setup:
- Main House: 4 Beds / 3 Baths (Vacant, perfect for a premium family tenant or house-hacker)
- Basement Suite: Legally Permitted 2 Beds / 2 Baths (Rented)
- Garage Coach Suite: Legally Permitted 1 Bed / 1 Bath above a Double Detached Garage (Rented)
- Target Purchase Price: $1,100,000
- Current Suite Gross Income: $3,000/mo (Fixed-term tenants locked in)
- Projected Main House Rent: $2,500/mo (Conservative local market rate)
- Total Projected Gross Income: $5,500/mo
- Audited Monthly Utilities: $489.32/mo (True rolling average based on historical PowerBill & EPCOR data)
- Projected Net Operating Income (NOI): $5,010.68/mo (Before property tax/insurance)
Both suites are 100% legally permitted by the City of Edmonton, zero municipal compliance risk. With three distinct income streams on a single land title, your vacancy risk is insulated. The current fixed-term leases and utility setups transfer seamlessly to the new owner on closing. DM me directly to get the utility ledgers, property layout details, or to discuss closing timelines. Serious buyers only, please!