Edmonton, Alberta T5P2L6 is a 3-unit multi-family in Unknown, AB, asking $5,990,000 — $1,996,667 per door.
At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.
Asking price
$5,990,000
Units
3 units
Property type
Multi-family
Location
Unknown, AB
Price per door
$1,996,667
The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.
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Verdict
Debt coverage
Cash to close
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