10761 97 st · Multi-family

10761 97 st is a 3-unit multi-family in Edmonton, AB, asking $495,000 — $165,000 per door.

That lands inside the Edmonton band of $145k - $245k per door, so the ask is not the thing that decides this deal — the rent roll is. Edmonton cap rates screen 5.8% - 7.5% and average rent runs about $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.