LiveMLS 45774145CMHC / MLI Select

260 lewis estates Boulevard · Multi-family

Edmonton, AB · Multi-family · 38 units

$7,500,000listed

Price at 5.75% cap

Edmonton market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Nov 3

What this listing is

260 lewis estates Boulevard is a 38-unit multi-family in Edmonton, AB, asking $7,500,000 — $197,368 per door.

That sits inside the Edmonton band of $145k - $245k per door. Edmonton cap rates screen 5.8% - 7.5% and average rent runs about $1,650 a door.

At 38 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

The Edmonton desk underwrites vacancy at 4% - 6% and operating expenses at 35% - 45% of gross rent.

Asking price: $7,500,000
Units: 38 units
Property type: Multi-family
Location: Edmonton, AB
Price per door: $197,368
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 price at a 5.75% cap — opens with a free account.

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