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

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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

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