$2,099,000 Sale
Listed 25 days ago
118 St NW
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Key Facts
Key facts for 118 St NW
Property Type
Commercial
Parking
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MLS®
44178075
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Website
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Year Built
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Maintenance Fee
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Description
CMHC MLI ELIGIBLE MULTIFAMILY OPPORTUNITY! Under Construction fourplex with three legal basement suites located at 118 Street. This modern infill project offers a total of 7 rental units and is ideally suited for investors seeking CMHC-backed financing and long-term rental performance.The building p...rovides a total of 16 bedrooms, 12 full bathrooms, and 4 half bathrooms across approximately 4,487.07 sq.ft. of total developed space. Each upper unit features 3 bedrooms and 2.5 bathrooms, while each basement suite offers 1 bedroom and 1 full bathroom, creating a highly desirable rental mix for families and professionals alike.Projected gross rental income is approximately $14,200 per month, offering strong cash flow potential. The site includes 4 uncovered surface parking stalls with rear lane access.This project is configured as a fourplex with three legal secondary suites, delivering excellent density while maintaining low construction complexity — ideal for CMHC MLI financing strategies.Architectural desig
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Courtesy of: Kirat Bawa, MaxWell Polaris