11323 106 Street NW
Spruce Avenue, Edmonton
Listing courtesy of Dustin Beech of Initia Real Estate
$2,149,000
beds
4baths
3.5sqft
5567About this Penthouse
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.
Courtesy of of Initia Real Estate.
$2,149,000
beds
4baths
3.5sqft
5567Property Features
- MLS®: E4446094
- Type: Penthouse
- Bedrooms: 4
- Bathrooms: 3.5
- Square Feet: 5,567 sqft
- Basement: Full, Finished
- Year Built: 2025
- Style: 2 Storey
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