Spruce Avenue, Edmonton
11323 106 Street NW
$2,099,000
•4 Bedrooms
4 Beds
•3.5 Bathrooms
3.5 Baths
Listed by Dustin Beech of Initia Real Estate
Get the details
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.
What this place offers
- Penthouse built in 2025
- 4 bedrooms
- 3.5 bathrooms
- 5,567 square feet
- E4468078 MLS® ID
Where you'll be
Penthouse in Spruce Avenue, Edmonton
Looking to buy a home like this one?
5.0
What people are saying
Janice Mills
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The Esposito Team have been our Realtors on multiple transactions, both buying and selling. We have loved our experiences with them and are amazed at their friendliness, real esta . . . more
Lyndsey Smith
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Mirella and the Esposito team are amazing! They were recommended to us by a handful of people, and after our first meeting with Mirella we could see why. As soon as our home hit t . . . more
Heather Neufeld
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We can't thank Joe enough for all of his assistance in selling our home!! From the initial phone call and meeting to discuss our home evaluation, we were impressed with his profes . . . more
Misty Harris
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I can’t say enough good things about Sheldon. He expertly guided me away from costly pitfalls; was highly responsive to my (many) messages; was accommodating in timelines fo . . . more
Hilary Forbes
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We were struggling to sell with another realtor. We had been on market for 80 days and were starting to think we would never sell. We switched Realtors to The Esposito T . . . more
Angela Paniccia
on ESPO.ca
Mirella, Joe and Aldo demonstrate a meticulous work ethic and are committed to protecting my interests above all else. They are professional, extremely helpful and always maintain . . . more