LiveMLS 45535960Buy & hold

11122 & 11128 123 Street NW · Multi-family

Edmonton, AB · Multi-family · 3 units

$4,500,000listed

Workable offer

Edmonton market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

11122 & 11128 123 Street NW is a 3-unit multi-family in Edmonton, AB, asking $4,500,000 — $1,500,000 per door.

That sits above the Edmonton band of $145k - $245k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. 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.

Asking price: $4,500,000
Units: 3 units
Property type: Multi-family
Location: Edmonton, AB
Price per door: $1,500,000
Edmonton cap band: 5.8% - 7.5%
Edmonton average rent: $1,650

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.