11837 Fort Road · Multi-family

11837 Fort Road is a 3-unit multi-family in Edmonton, AB, asking $319,500 — $106,500 per door.

That sits below the Edmonton band of $145k - $245k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. Edmonton cap rates screen 5.8% - 7.5% against average rent near $1,650 a 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%.

Edmonton offers low basis and yield, but vacancy, liquidity, and renovation execution deserve extra attention. Investor demand reads medium, vacancy improving.